Unless there are surprises, Investcorp will conclude the purchase of AC Milan from current owners Elliott Management in the coming days, a report claims.
According to the latest news from il Sole 24 Ore, Investcorp and Elliott could put the first signatures down on documents signifying the transfer of ownership this coming Friday 29 April in what will be a deal worth €1.1bn.
Negotiations are continuing and the parties are protected by absolute secrecy, but it seems that several obstacles have now been overcome and that only some unexpected obstacles could prevent the signing being done.
Elliott Management took control of the club back in 2018 after Yonghong Li’s ownership ended when he defaulted on the repayment of a loan. The American fund have improved the health of the accounts and the on-field results have also trended upwards, but now the time seems to be right for them to sell on for a profit and for a new fund to take the reins.