GdS: Investcorp close to €1.18bn Milan takeover – the first steps in their ten-year plan

By Oliver Fisher -

The negotiations between Elliott Management and Investcorp are moving quickly towards completion and soon signatures are expected, a report claims.

La Gazzetta dello Sport (via MilanNews) report that exact day for the closing is not yet known but it will either be on Friday or the beginning of next week and the figure will be €1.18bn which is €80k more than was originally thought.

The negotiation is progressing in the right direction with the due diligence (analysis of the accounts) practically completed and that means that the next step is signing documents before the official transfer of shares end of the season, to avoid distracting the team who are still fighting for the Scudetto.

Investcorp’s project is long-term and should last at least ten years, during which they will try to bring Milan back to the elite of world football, and one of their first jobs will be the definition of the management team.

They are expected to keep both technical director Paolo Maldini and the sporting director Frederic Massara which is an easy starting point, while among the priorities there is obviously also the stadium issue, with Investcorp having to decide whether to continue Elliott’s plan to build the new stadium with Inter or whether to go forward alone.

Tags AC Milan

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