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MILAN :Apax Partners, Three Hills Capital Partners, Carlyle Group and Searchlight Capital have approached Serie A expressing interest in investing in the media business of Italy's top flight soccer league, three sources close to the matter said on Wednesday.
MUNICH : Germany's soccer governing body is due to meet a second group of private equity investors on Monday before launching the sale of a $3.6 billion stake in the Bundesliga's media rights business towards the end of October, four sources told Reuters.
Amazon.com Inc and Apple Inc have both passed on the media rights to the LIV Golf tournament, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Disney Star will be the home of all ICC cricket in India for the next four years having won the TV and digital rights of both men's and women's global events till the end of 2027, the ICC said in a statement.
PriceWaterHouseCoopers (PWC) stepped down as auditors for the ongoing media rights sale of the International Cricket Council (ICC), prospective bidders wrote to the game's governing body, asking the latter to explain the accounting firm's exit, and have also pressed for the rights to now be sold by way of an e-auction. The broadcasters have raised serious concerns over the overall mechanism once again and urged the ICC to opt for e-auction as the "only process" to sell the rights. BCCI secretary Jay Shah too has time and again asked the ICC to adopt e-auction as the process to sell rights. In fact, Shah - who successfully oversaw the sale of Indian Premier League (IPL) media rights in June this year - has specifically said that for sports federations that dispose of the functions of a public body, profits should be as important as transparency. "Which is the reason the BCCI made sure that the IPL rights would be sold in a manner that no questions would be raised about the process. Ask a broadcaster and they'll tell you how the IPL was sold at optimum value. But even if it wasn't sold at optimum value, there's no way you're going to debate the processes that were in place," say those tracking the 'rights' industry.
PWC), advising the International Cricket Council (ICC) on the sale of media rights for the next cycle beginning with the India market, are learnt to have quit the process. While precise details of why PWC have decided to opt out are unclear, their exit comes on the heels of broadcasters constantly reminding the ICC that the process set in place for sale of rights is convoluted and lacks transparency. When asked for details, ICC told TOI: "PWC were contracted to support the ICC's media rights sales process in two phases. Firstly, providing background checks as part of the due diligence on all bids which is ongoing. The second element was to act as an independent third party to hold the financial bids securely between submission and opening. "Recent clarifications to bidders confirmed that bids can be submitted and opened simultaneously meaning PWC's services were no longer required to securely hold financial bids. PWC continue to support the process in other respects." The development takes place after a series of exchanges between the ICC and the broadcasters when the latter kept telling the governing body that the media rights tender was "confusing" and kept requesting for amendments. Here is a FAQ on the points that broadcasters had raised over the last one month.
The Big Ten has completed a new seven-year media rights agreement with Fox, CBS and NBC that is set to bring in more than $7 billion to one of the nation's most powerful athletic conferences.
Sony and Zee - all four major broadcasters and potential bidders to pick the International Cricket Council (ICC) media rights for the India market later this month - stayed away from the mock-auction process on Wednesday. TOI can confirm that all the four broadcasters made it a point to not attend the mock auction in order to take a stand on the processes that the ICC has put in place to carry out this bidding process.