Exclusive: Serie A clubs set to block media stake sale - letter

FILE PHOTO: Soccer Football - Serie A - Inter Milan v Benevento - San Siro, Milan, Italy - January 30, 2021 Inter Milan's Romelu Lukaku celebrates scoring their third goal with teammates REUTERS/Alessandro Garofalo

MILAN (Reuters) - Seven Italian Serie A soccer clubs no longer see the sale of a stake in the league's media business to a private equity consortium as a viable option, a document showed on Tuesday, effectively blocking the $2 billion deal.

Serie A agreed in October to enter exclusive talks with a consortium including CVC Capital Partners, Advent International and Italian fund FSI, which offered 1.7 billion euros ($2 billion) for a 10% stake in a newly-created unit managing the Italian league's media business.