Louis Vuitton deny Milan takeover talk; Middle Eastern buyers interested

By Oliver Fisher -

Two parties are interested in buying AC Milan, a report claims, after Louis Vuitton distances themselves from the recent speculation.

Elliott Management acquired control of the Rossoneri back in summer 2018 as previous owner Yonghong Li defaulted on the repayment of his debts to the American fund.

There have been reports from a number of sources suggesting that Elliott could sell the club once they have improved its valuation.

Recent reports from Il Messaggero claimed that the owner of Louis Vuitton – Bernard Arnault – is interested in taking Milan over, with a €1bn+ offer planned.

However, the group then released a statement to the same outlet denying the rumours.

“The LVMH group firmly and officially denies the hypothesis reported today by Il Messaggero that LVMH presented an offer to the Elliott fund for the purchase of the AC Milan football club.”

Tuesday’s edition of La Repubblica (via MilanNews.it) offers an update by claiming that there is interest from Saudi Arabia and the Emirates in buying the club. 

Elliott, however, are apparently unlikely to sell the club before the stadium issue is resolves, which – if completed – would obviously give the club’s valuation a huge boost.

READ MORE: Five talking points after Verona win – MilanTalk

Tags AC Milan Louis Vuitton
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