GdS: Investcorp talks going smoothly – the next steps and when signatures should arrive

By Oliver Fisher -

There should be decisive steps forward in the future of AC Milan in the next few days with takeover talks continuing between Elliott Management and Investcorp.

La Gazzetta dello Sport (via MilanNews) reports how the negotiations over the sale of Milan to Investcorp continue swiftly and smoothly as the due diligence process went smoothly meaning that signatures are expected soon.

Once the due diligence has been concluded, the lawyers of the two funds are working to stipulate the contracts that will effectively define the sale of the Rossoneri. The time this will take is quite long, but this should not be worry because pen on paper should occur either at the end of this week or the beginning of next.

The signing of this contract will also establish the very high penalties in the event that one of the two parties should withdraw after signing the preliminary, and that is the phase preceding the definitive closing (the actual passage of shares).

The announcement of the takeover is approaching and Milan are now very close to changing owners for the third time since Silvio Berlusconi’s three decade long tenure ended.

Tags AC Milan

1 Comment

Comments are closed

Serie A Standings

Live football scores . Current table, fixtures & results.