Tuttosport: Project vs. profit – Investcorp-RedBird battle postponed by Elliott

By Oliver Fisher -

The AC Milan ownership situation continues to be unclear with regards to who the buyers might be, but all talks seem to have been put on hold.

As reported today by Tuttosport (via MilanNews) RedBird’s position within the negotiation remains at a slight disadvantage, for the simple reason of timing. The American fund should still carry out all the due diligence (analysis of the accounts and balance sheets) as Investcorp did.

Investcorp also had two weeks of exclusivity to lay the foundations for the negotiation but that has now expired, and what Elliott like most about RedBird is that they seem more similar in how they want to run the club, with an emphasis on economic sustainability that over time also brings out the sporting results.

The Singer family are more inclined to trust RedBird even if nothing is decided at the moment, but the Bahrain fund have the strong will to complete the acquisition of Milan and are even willing to raise their bid from the current €1.18bn to a figure beyond €1.2bn. Elliott are taking time to think and nothing will be decided before the end of the season.

Tags AC Milan

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  1. It’s kind of amusing how all the media try to present that the decision will be based on Milan’s benefit. As if Elliot cares at all what will happen to the club after they sell. Even Berlusconi after 35 years felt no attachment and simply sold to the most suitable (for him and worse for the club) bidder.
    We can only hope that the most suitable bidder for Elliot happens to be the best for the club as well.

    1. Exactly @al83
      Elliot is a hedge fund after all and their motto is still to make max profit .

      Add to that, media also have no clue how long these takeovers can take. It’s not buying a coffee at the local store. There’s alot of due diligence and paperwork needed which can take months. In the meantime while that’s happening, they go nuts with speculation

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