Investcorp would have invested hundreds of millions into AC Milan to help improve the playing squad, according to the head of a company involved in the potential takeover.
Towards the end of last season, Investcorp emerged as the most likely company to buy Milan from Elliott Management, but then reservations over how the deal would be financially structured slowed proceedings down considerably.
The emergence of RedBird Capital Group as a buyer then occurred and they seemed to close the deal with Elliott very quickly, officially completing the acquisition of the club at the end of August.
Today’s edition of La Repubblica has an interview with Carmine Villani, who is the managing director of MFO (Multi Family Office Equity Partners), a company that allegedly supported Investcorp in their offer for the acquisition of Milan.
“I can’t go into details, but I can confirm that our consortium was committed both to acquiring all the majority stakes in Milan and to guaranteeing the subsequent investment on the market of 300-400 million, to immediately bring the team back to the highest level in Europe, as its history deserves. It was all equity. If Elliott had wanted to, we would have left him the minority stakes,” he said (via SempreMilan.it).
It is totally different scenario compared to what happened with the arrival of Gerry Cardinale and RedBird, who ended the winter market with zero signings made except for the arrival of the young Colombian goalkeeper Vasquez.
