CorSera: Elliott transfer shares after recording €1bn loss at Milan – sale on the cards?

By Isak Möller -

In recent months, there have been many rumours regarding the ownership of Milan, suggesting that the club could switch hands once again. Although it has always been shut down, new signs have appeared, a report claims. 

According to Corriere Della Sera, Elliott Management transferred some shares of the Luxembourg company that controls Milan. Meanwhile, that company recorded a cumulative loss of more than one billion, to be exact €1,046,977,327.85.

In these weeks, while the renewal of Zlatan Ibrahimovic’s contract is being negotiated, there have been some financial operations for Milan. The last one was closed on 10 August, as highlighted by the newspaper.

Among these, there was a transfer of shares that involved two companies in Delaware, apparently distant, but fundamental in the ownership structure that still has grey areas. Movements that could could result in some news regarding the club.

Is Paul Singer, the CEO of Elliott Management, preparing for a sale? Is he open to other shareholders? Or is it just an internal reorganization of control?

In recent months, the name of Bernard Arnault – leader of the luxury brand LVMH – has been circulating. That being said, those rumours have always been shut down and there hasn’t been much talk as of late.

READ MORE: Milan director Massara bewitched by Lokomotiv star but faces competition

Tags AC Milan elliott

1 Comment

  1. lawan s umar says:

    I wish elliot selling Milan to Arab Emirates because they spend more money to buy us a good player, take look at man city p s g and manaco

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