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.