Multiple reports are now claiming that AC Milan could soon be taken over by the Bahrain-based Investcorp fund very soon.
The news has exploded today, with Reuters the most recent to report that Investcorp are in exclusive talks to purchase Milan as per a source close to the deal. The source said the deal to buy the Serie A club is ‘close to being completed’ which suggests that things are moving quite fast.
Now, another important confirmation has arrived because according to the reliable financial source Bloomberg (via MilanNews), Investcorp are close to buying the Rossoneri for a figure of around €1bn ($1.1bn).
That is according to sources close to the matter as per the report. The Bahrain fund have already invested in Italy with Gucci, Riva and Dainese and seem to be on a path which foresees them expanding their number of assets under management.