More information continues to filter regarding the potential takeover of AC Milan by a fund from Bahrain, including another party involved.
According to Bloomberg Middle East (via MilanNews), Mubadala Investment Company PJSC are the new name that have been joined to Investcorp regarding the acquisition of shares in Milan. Mubadala are a sovereign fund of the United Arab Emirates, and they are supporting the Bahraini giant to ensure the success of the deal.
Furthermore, there are no denials from owners Elliott Management regarding the negotiations whereas before they were always quick to try and silence the rumours of a sale. The American fund therefore prefers to remain silent on a topic that is quickly gathering steam.
Mubadala are an Emirati state-owned holding company that were established in 2017 and can be best labelled as a sovereign wealth fund. As per their website, the stewardship of HH Sheikh Zayed bin Sultan Al Nahyan means Mubadala is a $243billion (AED 894 billion) business that spans six continents with interests across multiple sectors and asset classes.