Elliott Management could agree to sell AC Milan at the end of the season, currently in advanced talks with Arab fund Investcorp over a sale. Yet another report has confirmed that the takeover is seemingly close.
Elliott Management have owned Milan since 2018, when the current owner Yonghong Li defaulted on his loan from the American hedge fund. It has been a successful journey since and Milan is now a valuable club.
According to various reports, including Anto Vitiello, the talks between Investcorp and Elliott are based on a $1.1bn evaluation. That also includes the costs of building a new stadium, which is a project Investcorp intend to push for a lot.
According to the Arabic outlet Al Arabiya, Investcorp are indeed in talks over buying Milan and their executive chairman, Mohammed Al Ardhi, is personally leading the negotiations with Elliott Management in Milano. It remains to be seen what the outcome will be, but an agreement appears to be close.