RedBird Capital have overtaken Investcorp in the race to buy AC Milan from Elliott Management, a report claims.
As has been reported by the print edition of Corriere della Sera today, (via Milan News) the American buyers are now the favourites to gain control of the Rossoneri due to the security they can offer during the purchase.
Elliott are keen not to let the new buyers place a significant debt on the club that could undo the four previous years of good work that has taken Milan back to a place where they could win Serie A.
RedBird are able to buy the club without borrowing money from individuals or banks whereas Bahrain-based group Investcorp cannot.
Around €400 million of the money from Investcorp would come from a complicated web of investments and loans.
Until very recently, it had appeared a foregone conclusion that Investcorp will buy the club but now they are not the favourites.
Why muricans again? The know nothing about ball and will yet again treat a club as business. This was supposed to be a step forward, not a step toward mediocrity and hoping we can qualify for UCL instead of winning it.
Are you saying Liverpool owners know nothing about football? I prefer their way of building a sports club rather than MC or PSG.
They do not own Liverpool, they are minor sharloders with emphasis on minor. They do however own Toulouse and they are not doing that great.
Also we need someone that will invest more than bare minimum. We had bater era, we had bare minimum era, it is time to actually get back to the top of Europe, not scrape at the bottom of the barrel looking for “potential” talents hoping we will qualify for UCL at the end of the year so we can do the exact same thing next year.
Fu*k that sh*t. Enough already.
Fenway Sports Group — Americans led by John Henry — own Liverpool FC.
I agree with you 100%, its frustrating
I agree with you 100%, its frustrating
This sounds like BS to me. Does anyone really think Elliott will pass on an extra 200M from Investcorp (1.2B vs 1B from Redbird)? I highly doubt it. Elliot is about making as much $$ for its shareholders as possible. Period. They will not pass on an extra 200M for the sake of not adding debt to our club. Almost Every club (and business, including governments) in the world has debt. That’s business 101. Use other peoples money to make money. Perhaps there is another issue w Investcorp we don’t know about that will cause sale to Resbird instead – but I highly doubt the really reason would be Elliot taking less $ to “help” the new owners not have as much debt lol