MN: Elliott Management completing act of responsibility before €1.18bn sale of Milan

By Oliver Fisher -

AC Milan’s battle for the Scudetto on the field is what most fans are focusing on, but off the field progress over the takeover of the club continues.

MilanNews confirm that rumours that Elliott Management are doing some monitoring of the manoeuvres of Investcorp, the Bahrain fund that wants to buy the club for €1.18bn. While Investcorp have a responsibility to do due diligence before a purchase of such magnitude, the American fund also have their own duty.

Elliott – after all of their hard work restoring the accounts – want to avoid the idea that Milan’s financial equilibrium could be undermined due to potential debts on the part of the ownership.

It is a very important act of responsibility by Elliott towards Milan but there is not expected to be any problems because Investcorp are serious, so therefore the signing is expected to take place later this week, as soon as all the parties are ready.

Tags AC Milan

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