AC Milan are close to being bought by Investcorp as per multiple reliable sources, which has led some to question how the club might change approach.
According to what is being reported by financial expert Felice Raimondo – who has done some fantastic background writing on the Bahrain-based fund on his website – the purchase of Milan for €1.1bn euros is ‘a guarantee of longevity of the investment’ that for is ‘unlikely to be exhausted in a lustre’ (i.e. quickly).
It must be remembered that Elliott Management took control of the club with little intention of carrying out a long-term project but Investcorp ‘will go further’. With the Gulf fund, the hope is to ‘take the next step in Europe as well’.
A fund like InvestCorp can have different strategies, and in the case of Milan it is impossible to predict them also because for them it would be the first purchase of a top club in the world of football. How much they will invest and how they do it will be understood only along the way.
Raimondo adds that there are always theoretical limits with respect to the financial limits, but the problem is that UEFA does not apply them uniformly and instead changes its approach depending on who are in front of them. If they are as lenient with Investcorp at Milan as they have been with Manchester City and PSG, big investments become easier.