News has exploded today suggesting that AC Milan are on the verge of being bought by Bahrain-based fund Investcorp, but not many people know a lot about them.
La Gazzetta dello Sport have provided a bit of insight into who Investcorp are, beginning by reporting that they are now present in 12 countries including the United States, Europe, India, China and Singapore.
As of June 30 2021 – the date of the last published financial statements – the Investcorp group had a total of $37.6bn of assets under management, which was up 17% compared to the previous year.
They employed 430 people of 45 nationalities through its offices in New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore and the report mentions that the operations and activities are controlled by Investcorp SA, a company incorporated in the tax haven of the Cayman Islands.
In addition, 52.85% of the share capital belongs to three vehicles domiciled in the Cayman Islands: Cp Holding Limited, 41.64%; Ownership Holding Limited, 9.79% and Sipco Limited, 1.42%. The remaining 47.15% of the shares are instead owned by public and private investors – mostly institutions based in the Persian Gulf countries.
The current operational president of Investcorp is Mohammed Mahfoodh Al Ardhi from Oman, a former fighter pilot who has climbed Kilimanjiro. Investcorp recently bought two buildings in Milan and Rome and in Milano it was the headquarters of Kering they acquired, a luxury multinational that also owns the Gucci and Yves Saint Laurent brands.
Well maybe they only want buy lille