Competition to acquire a major stake in Serie A is heating up.
Bain Capital has tabled a €3-billion ($3.4 billion) offer to procure a roughly 25% stake in Serie A, topping a bid from competing private equity firm CVC Capital Partners, sources told Bloomberg's Tommaso Ebhardt and Daniele Lepido.
CVC Capital Partners reportedly made a bid worth €2 billion to buy a 20% share of the Italian top flight, Ebhardt and Lepido report.
Serie A is seeking funding options after the season was suspended in March due to the coronavirus pandemic. The campaign is set to resume June 20.
Serie A is the fourth-richest league in Europe, according to Deloitte Sports Business Group, with more than half of the league's €2.5 billion of revenue generated during the 2018-19 campaign coming from broadcasting rights.