Investors spy Italian soccer open goal

Juventus' Cristiano Ronaldo heads the ball past AC Milan's Andrea Conti during an Italian Cup second leg soccer match between Juventus and AC Milan at the Allianz stadium, in Turin, Italy, Friday, June 12, 2020. The match was being played without spectators because of the coronavirus lockdown. (Spada/LaPresse via AP)

Italian soccer has fallen a long way from its heyday. Now, the chance to refurbish one of Europe’s top leagues to its former glory has attracted interest from a clutch of private equity firms who are betting on getting a bargain.

Private equity firms including Advent International and Bain Capital are considering bids for a stake in a league division that manages TV rights.