MN: Emirati ‘mega fund’ behind Milan takeover as Investcorp move towards closing €1.1bn deal

By Oliver Fisher -

AC Milan’s on-field exploits stole the headlines after the last gasp winner against Lazio yesterday, but the days ahead are also important for off-field matters.

MilanNews writes that this will be an important week in view of the sale of Milan by Elliott Management to Investcorp. The exclusive negotiation period with the Bahrain-based fund is ongoing and they are completing the due diligence of the Milan’s accounts, which are in excellent health since they are not burdened by debts to third parties or by bonds.

The conclusion of that should come this week and then there will be some final details to resolve given that there is an overall transaction worth €1.1bn at stake. Behind Investcorp is the ‘mega fund’ Mubadala, which includes many sheikhs from the Middle East including the royal family of Bahrain.

The president of Investcorp – Mohammed Al Ardhi – seems to be keen on continuity and therefore Paolo Maldini and Ricky Massara should remain, though at the moment that cannot be confirmed.

Tags AC Milan

4 Comments

  1. they are not rich just look at top 100 richest man by forbes you hardly find any arabs mostly are ashkenazi Jews
    i know forbes hide some families true wealth like the families that own the federal reserve bank of america ,
    most arabs don’t have money (poor) like ( Algeria, , Comoros, Djibouti, Egypt, Iraq, Jordan, , Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Somalia, Sudan, Syria, Tunisia, the , and Yemen )
    and here are some rich country ( Bahrain+ Kuwait Qatar, Saudi Arabia ,United Arab Emirates ) only upper class have some like every other country in the world

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