Eurosport: Closing of Investcorp takeover may be delayed due to stadium issue

By Oliver Fisher -

We may have to wait until AC Milan’s takeover is complete and once again the stadium issue is at the heart of delays, a report claims.

According to what is being reported by Eurosport (via MilanNews), the closing date envisaged by both Investcorp and Elliott Management regarding the sale of Milan was initially set for May 4th.

The Bahrain fund – as Reuters and Bloomberg initially reported – are in talks with the American hedge fund to buy the Rossoneri for around €1bn, which would see Milan change hands for the third time since Silvio Berlusconi left in 2017.

The stadium issue could postpone the closing however, because both Elliott and Investcorp would like the definitive go-ahead to start work on the new stadium before signing the transfer of ownership.

It could explain why there has been public and vocal pressure from the club towards Mayor Sala and the council regarding the stadium issue.

Tags AC Milan

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