Investcorp are in exclusive talks with Elliott Management over the purchase of AC Milan, with a deal looking likely. One of the main reasons why Elliott decided to even consider the offer is the long-term project presented.
When Elliott, the American hedge fund, took over the Rossoneri back in 2018 we all knew that they would pack their bags and sell the club eventually. After stabilising the club’s books, they can now make a good profit and Investcorp came forward at the right time.
Elliott have been at the club for four years and as per Gazzetta Dello Sport (via MilanNews), Investcorp intend to stay for an even longer period. To return to the absolute top, investments will have to be made on several fronts and, above all, time will be needed.
The newspaper states that the project should have a time frame of at least ten years, which says a lot about Investcorp’s intentions. Milan would be in good hands financially as well, given the stability of the fund.
In an interview back in September, as the newspaper concludes, Investcorp stated the following: “We think that in the next seven years, it’s possible to manage $100bn in assets (currently at 41.2)”. The goal is clear, therefore, and the Milan deal is a piece of the puzzle.