GdS: Investcorp to close Milan purchase shortly – they have a ten-year plan in mind

By Oliver Fisher -

AC Milan are trying their hardest to win a first Scudetto since 2010-11 on the field, but off the pitch there continues to be speculation about a change in ownership.

This morning’s edition of La Gazzetta dello Sport (via MilanNews) confirms that the negotiations between Elliott Management and Investcorp over the €1.1bn sale of Milan continue, and there is an ambitious project in mind from the Bahrain fund.

The goal is to establish Milan as one of the top ten clubs in world football again but this is a medium to long-term plan, so it will take at least ten years to try to achieve it. To bring the Rossoneri back to the top will mean on-field results but also growth financial point of view in terms of revenue, therefore the strengthening of the brand will be key.

Regarding the negotiation itself, the feeling is that it can be closed shortly as we are in the final phase of the due diligence. Investcorp has exclusivity from Elliott until the end of April, but it could be extended by a few days if the deal does not go through this week.

Tags AC Milan
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