Investcorp are not worried about the arrival of RedBird Capital onto the scene and instead are pushing ahead with their efforts to buy AC Milan.
According to what La Gazzetta dello Sport (via MilanNews) reported this morning, Investcorp are not concerned by the rumours that RedBird Capital – an American fund well established in the world of sports investments – are interested in the acquisition of Milan.
This is mostly because the Bahrain fund have been in talks for almost a month now and also partly because the American fund have less capital available.
The negotiations are ongoing because the parties have to prepare the contracts and in these types of transactions, the agreements to be drawn up are very large and have various economic and financial implications. For this reason Investcorp are trying to hire investors, including banks and larger financial groups, who can share and help them reach the €1.18bn fee agreed with Elliott.
In addition to several very wealthy Persian Gulf families and the American banks Goldman Sachs and JP Morgan, the latest name released is that of Ares Capital. The goal is to sign the binding contracts and then the full closing will take place, likely at the end of the season.
Elliott have not commented on all the speculation throughout because they are calm and they know the team are engaged in a title race so they do not want to destabilise the environment. Elliott would like to end his experience with the trophy, while it must be added that they were not and are not desperate to sell.
Kudos to Elliott for stabilising the club and improving the results on the field. I just hope if we do have new owners they continue to help the club improve on and off the field. Would love to see my boys win the UCL again.
This is crazy! Investcorp has billions, but they still need loan from banks to pay to Elliot. And we hope they will invest in club. I do not like what they are doing.
You just don’t understand finance do you?
This is not a rocket science. They have 40-50B, but they need two banks and Mubadala to pay 1.2B and close the deal. What you do not understand?
This isn’t rocket science, but finance
Having Billions assets not cash. Even elon musk doesn’t have 1 billion cash
Do you mean: if they want to buy 50M player, they go to bank to get loan? I know they do not have a money in bags. But, if they do not have available money in a bank, for immediatelly payment to Elliot, than how they will run the club?
They have 600m on hand. They need time to get anonther 518m. That’s why we need a bank. It’s normal payment
@Mikele – just because you have the $$ doesn’t mean you use YOUR $$. This is business 101 – every business in the world and every billionaire in the world borrows other peoples money. Nobody pays 100% cash nor uses 100% of their own money. Every company operates with debt from Google and Facebook to Starbucks and Toyota – so does every country in the world lol. So there is no need to worry.
Just stop answer please. The more you reply, the more you show how stupid you are. JESUS CHRYSLER!
Please do the needful. Money is not everything. We are doing good with a tight budget. let us continue on that path. Make wise decision