Group of Serie A Clubs Demand Resignation Of League Boss News

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Group of Serie A Clubs Demand Resignation Of League Boss

By Daily sports on April 16, 2021

Seven Serie A clubs have submitted a written request for league president Paolo Dal Pino to resign over issues including his management of plans to sell a stake in the league's media business.

Inter Milan, Juventus, Napoli, Lazio, Atalanta, Hellas Verona and Fiorentina jointly signed the letter, seen by Reuters.

An official at one of the seven clubs said the move was down to several issues, including disagreement over plans to sell a 10 per cent stake in Serie A's media business to a consortium of private equity investors including CVC Capital Partners, Advent International and Italian fund FSI.

Serie A and Dal Pino declined to comment.

The letter from the seven clubs explains that their complaint comes “following various objections raised by us regarding your conduct as president of Serie A”.

The clubs write that they felt a “firm and urgent need to demonstrate to you our irrevocable no confidence with regards to your role, conduct and management of the league to which we belong and that we represent.”

For Dal Pino to be forced out, 14 of the 20 Serie A clubs would have to vote for his removal.

Serie A agreed in October to enter exclusive talks with a consortium of private investors, which offered €1.7 billion for a 10 per cent stake in a newly-created unit that would manage the league’s media business.

The deal would also need approval from 14 clubs, but the same group of seven wrote a letter to Dal Pino in February saying that “as things stand, this development opportunity is not viable anymore”.

The move effectively blocked the deal, with some clubs having reservations despite a sharp decline in revenues caused by stadiums having to close their doors to fans during the Covid-19 pandemic. (Reuters)

•PHOTO: Paolo Dal Pino

Source Daily sports

Posted April 16, 2021