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.
