From Breakingviews - Debt is poor fix for Italian soccer’s malaise
Soccer - Football - Serie A - Inter Milan v AC Milan - San Siro, Milan, Italy - February 5, 2023. Inter Milan’s Lautaro Martinez in action with AC Milan’s Pierre Kalulu. REUTERS/Alberto Lingria
LONDON, Feb 8 - Wall Street investment banks are hoping to score a goal in Italy. Top soccer league Serie A needs cash to revamp its ailing media rights business. Previous attempts to tap into private equity pockets foundered. For the 20 cash-strapped clubs of Italy’s top division, however, securing financing worth up toSerie A’s loss-making clubs have lost allure both at home and abroad.
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