Elliott Management have shown no willingness or desire to sell AC Milan in the near future, a report claims, despite speculation suggesting otherwise.
There has been no shortage of rumours that Elliott could sell the Rossoneri, and the person strongest linked with a takeover bid is Louis Vuitton group owner Bernard Arnault.
La Repubblica recently stated that that Arnault has tabled a €975m bid to buy Milan, and a number of sources have continued to insist that the Frenchman has a genuine interest.
Our correspondent Vito Angele informed us that he had learned through a friend of Ariedo Braida that talks have progressed to the extent that Arnault is close to sealing a deal worth almost €1billion to buy the Rossoneri.
However, denials arrived from an LVMH spokesperson regarding the Repubblica report, and more arrived on Instagram from Bernard’s son, Antoine.
Those who dream of seeing Milan in Arnault’s hands have been dealt another blow today. According to what il Corriere della Sera are reporting on Thursday (via MilanLive), the American hedge fund has no intention of selling the club any time soon.
There is the intent on their part to bring Milan back to the top and the path has been started, even if time and further steps are needed.