Elliott Management Corporation have no intentions of selling AC Milan to any potential buyer in the near future, according to a report.
There has been various speculation in the media over the past few months regarding a potential takeover by Louis Vuitton group owner Bernard Arnault, though that appears to have gone quiet over the last few weeks.
As il Corriere dello Sport writes on Monday though (via MilanLive), Elliott have no intentions of selling Milan despite the problems and persistent rumours.
The signals – reports the newspaper – have arrived directly from the Singer family, who are determined to not give up and there is indeed a constant interest in what is happening with the Rossoneri. Behind the media silence that the Singers have shown, there is a dense network of contacts.
Gordon Singer travels to Milan often and interacts in person with the management, but he also controls the club from London through messages and conference calls.
Paul Singer’s son is particularly passionate about AC Milan, the paper adds, so for him it would be a personal challenge before anything else to transform the fortunes of the Diavolo.
Dependent on the US fund, there would also be a larger budget available to return to the glories of the past. But the property has its hands tied by UEFA, so it will take an alternative route to go up the slope.
Elliott has repeatedly denied a possible sale and adds that there are currently no upcoming negotiations. In addition, the current international emergency situation surrounding COVID-19 hardens the position of the fund even more, due to the lack of buyers.