Advent, CVC and FSI to invest in Serie A at a €16bn valuation.

Investment funds Advent, CVC and FSI are set to invest in Serie A, the Italian football league, at a €16bn valuation. "The clubs have deliberated by a large majority to proceed exclusively with CVC-Advent-FSI for the negotiations of the terms and conditions of the offer. A commission will undertake negotiations with the consortium for a period of four weeks starting today," Serie A.