The negotiation between Elliott Management and Investcorp is proceeding swiftly and the Bahrain fund should complete the purchase of AC Milan for €1.1bn, a report claims.
MilanNews confirms the above as well as the fact that Milan will be sold for the highest amount ever for a Serie A club which shows the work that Elliott and the Rossoneri management have done since 2018 to turn the club around.
The word ‘sustainability’ continues to be key and should be even for Investcorp, but the report mentions how that is often mistakenly combined with the concept of minimal or reduced expenses, especially with regards to the transfer market.
That is not what it means: being sustainable means not being dependent on third party aid such as external financing, and Milan at the moment are a sustainable club because they generate enough revenue and their costs are in line, so capital increases are not needed and the Rossoneri also boast significant net assets.
Being sustainable means that Milan, also with Investcorp, will have to continue to progress from the point of view of revenues and this is the fundamental step to return to the elite, while it also funds more expansive transfer markets too.