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.
