There is an interesting note about Investcorp’s approach to buy AC Milan involving the Abu Dhabi government, according to a report.
MilanNews reported earlier today that the negotiations between Milan and Investcorp over the transfer of majority shares is proceeding quickly, given that the parties have been discussing and exchanging documents for weeks, and Investcorp are happy to pay the €1bn asking price.
According to what il Corriere dello Sport (via MilanNews) are reporting this morning, one of Investcorp ‘s main shareholders are Mubadala, a sovereign fund with over $350bn in assets that are from the Emirate of Abu Dhabi.
The CEO of this fund is Khaldun Al-Mubarak who is also the president of Manchester City. According to the newspaper, this aspect is of no small importance because it could be that Investcorp are being used as a vehicle by the Abu Dhabi government to enter Italian football, without arousing suspicion regarding rules on double ownership.