off-the-wire

Deutsche Bank interested in financing Serie A - sources

Kitco Media
By Reuters
Published:
Updated:
Reuters

MILAN, Jan 30 (Reuters) - Deutsche Bank (DBKGn.DE) is interested in financing the media business of Italy's top soccer league Serie A, joining rivals such as JPMorgan (JPM.N) and Goldman Sachs (GS.N), two people with knowledge of the matter said on Monday.

Deutsche Bank declined to comment.

Serie A's key media business has drawn interest from the two U.S. banks, sources told Reuters last week.

The two people said Deutsche's interest was more preliminary than that expressed by the two U.S. rivals, which have both written to the league.

The 20 clubs that make up the league are expected to meet on Feb. 24 to discuss the lenders' proposals, as well as those of various investment funds that have also approached the league to help it develop its media rights business.

Reporting by Elvira Pollina and Valentina Za Editing by Keith Weir
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