French billionaire Bernard Arnault is interested in buying AC Milan, according to one journalist.
Recent reports suggested that PSG owners Qatari Sports Investment were considering making an offer to buy Milan from Elliott Management.
Elliott took over from previous owner Li Yonghong last summer after the businessman defaulted on a loan he borrowed, but are believed to have a plan spread over multiple years to help restore the club to elite status.
Arnault is the Chairman and Chief Executive of LVMH Moët Hennessy – Louis Vuitton SE, commonly referred to as LVMH, the world’s largest luxury-goods company.
He is believed to have leapfrogged Bill Gates to recently become the second richest man in the world.
Ravezzani describes it as a ‘concrete operation’, adding: “I am told that negotiations exist.
“I don’t know anything else, but the source is reliable and there are confirmations from France. It remains to be seen if it will go through”
La pista francese per la nuova proprietà Milan (Bernard Arnault) pare molto concreta. Sarebbe un’operazione clamorosa.
— Fabio Ravezzani (@FabRavezzani) July 18, 2019