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.
Here we go,back to were we belong
Obviously it would be nice if we actually would be able to invest 300 mil euros on players from what media reports are suggesting but to be frank i have a hard time believing it will be the actual case.
Milan will still have to live up to financial fair play rules and a new owner cant just inject cash into the club like they want and spend it on the players of their desire.
Milan has vastly inproved their funds under elliot management but we are clearly not in a position to do as suggested by some media unless we actually sign some ridiculous advertisement deal that certainly would be considered dubious at best,
The 300 mil mentioned simply must be in regard of investing on players over more than 1 season as we wouldnt comply with ffp otherwise,
Anyways it will be interesting to see how all of this pans out but personally i have my reservations in the potential ownership change.
New rule FFP : club’ can only buy player based on their revenue . That Will make EPL club’ have more power to buy player while Italian club’ can only get leftover player. Even if investcorp take over from elliot,there wont be 300m euro transfer budget but 100m euro i think still affordable for AC Milan
Reccaman i fully agree and that seems like a far more likely scenario than us spending 300 mil this summer but that was also the numbers already mentioned lately in regard of the current ownerships spending willingness this summer so it wouldnt really seem to change anything at the time being.
i just cant understand why PSG never get any trouble with FFP, they bought players 3x of the actual price & 3x salary every season, bigger tax in France ,Lg1 UEFA rating lower than Serie A, marketing value is lower than us, how can they balance the book???
They can just do financial engineering at Milan by getting us massive sponsorships like PSG and City
Owners can also invest 40% of annual revenues