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JPMorgan Interested in Financing Italy's Serie A Media Business

JPMorgan (NYSE: JPM) has expressed preliminary interest in supporting the development of Italy's top soccer league, Serie A's media business.

JPMorgan build
JPMorgan build

The 20 clubs comprising Serie A were informed of this interest at a closed-door meeting of their top executives on Thursday.

JPMorgan to Provide Financing for Serie A Media Business

JPMorgan is expected to be able to provide between 700 million and 1 billion euros in bank financing. The rights would be the collateral backing JPMorgan's financing. JPMorgan and Serie A both declined to comment on the matter.