JPMorgan Explores €1 Billion Deal to Finance Serie A Media Business
JPMorgan Chase is exploring a €1 billion deal to finance the development of a media business for Italy's Serie A football league. The investment firm, which was involved in the proposed European Super League in 2021, is using Serie A's media rights as collateral for this new venture.
JPMorgan's interest in Serie A comes as the league considers forming a media unit to boost its income from media rights and attract external investors. The firm is expected to provide between €700 million and €1 billion for this purpose. Serie A clubs are currently assessing banks' interest in the deal.
JPMorgan's involvement in this project is less likely to face scrutiny compared to its role in the European Super League, which collapsed in 2021 due to widespread criticism. However, besides JPMorgan Chase, no other financiers have been explicitly named in the search results. Goldman Sachs has expressed preliminary interest, but no specific alternative financier could be identified from the provided sources.
JPMorgan Chase's financing plan for Serie A's media business is a significant development in the league's efforts to generate more income from its media rights. As Serie A clubs continue to assess banks' interest, the deal's details and potential scrutiny remain to be seen.
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