Elliott Management and RedBird Capital have tasked their lawyers with getting the takeover of AC Milan sorted sooner rather than later, a report claims.
According to Tuttosport (via MilanNews), Investcorp are officially out of the race to purchase Milan, which has meant that Elliott and RedBird have been able to intensify their negotiations with the intention of reaching a positive conclusion.
The law firms of the two American funds have been working for weeks on the drafting of contracts and finalising the various details of the transfer of the club, and there is a timeframe in mind for everything to be done.
All parties want the sale to be complete before the start of the transfer market, which is absolutely fundamental for the Rossoneri because they want to strengthen the squad amid aspirations of retaining the title and going further in the Champions League, but also when it comes to renewals and rewarding the best players.
