Bloomberg: Investcorp’s Milan takeover bid backed by $243bn Emirati sovereign fund

By Oliver Fisher -

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.

Tags AC Milan

6 Comments

  1. That combination sounds like Man City size sponsorship deals. Not sure how I feel about Milan being a Middle Eastern play thing for bragging rights

  2. I dont know how i feel about this, buying milan from one fund by another. It simply means they’ll most likely follow Elliot’s step: invest some millions, raise the club’s value on the market , then resell for profit after few years. I just hope they do better than Elliot tho and actually care about the club. Fingers crossed.

  3. I dont know how i feel about this, buying Milan from one fund group by another fund group. They’ll most likely follow Elliot’s step: invest some millions, raise the club’s value at the market then resell for profit after few years.

    i just hope they are better than Elliot tho and actually care about the club if it actually happens. Fingers crossed.

    1. Another stupid comment. Elliott saves us from bankruptcy, bring us to compete for titles, give back our pride after banter period and put us in a good position for FFP. They work under budget and there is a maximum valuation for wages and transfer fees – as it should be!

      If they want to sell then they can sell, and if they won’t they can continue their work here. I’ll always be grateful for what they did to us.

  4. New ownership might also mean that Maldini will be replaced. Personally, I am more than happy with our current path, with limited and responsible budget. The only cons with Elliott is that we don’t have that many Italian players, but I think this is due to the growth decree, which incentivize getting players from outside Italy.

    And on lighter notes, I also don’t prefer us to have a new batch of plastic fans lol, we’ve spent the last decade weeding them out haha 😉

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