MN: Full background on Investcorp-Milan talks – ‘getting the keys to a Lamborghini’

By Oliver Fisher -

More information and more background continues to filter regarding AC Milan’s potential takeover by the Bahrain-based Investcorp fund.

Pietro Mazzara has told MilanNews in his latest column that everything began a month ago, when Investcorp came into contact with Elliott Management regarding the acquisition of Milan.

it is part of a significant and almost aggressive investment policy by the funds of the Middle-East into European sport, so much so that they said yes to Elliott’s $1.1bn valuation which would be a record price for an Italian club.

They also said yes with no certainty about the stadium, and opened the negotiations with Elliott, signing an exclusivity contract that will expire at the end of the month. The due diligence is yielding positive results, and a friend told Mazzara that Investcorp are ‘getting a Lamborghini with keys in hand’.

Another Arab fund also approached Inter’s owners Suning who asked for €1bn to sell Inter but upon this request, the fund – still anonymous to date – abandoned the deal because Inter are burdened by important debts, bonds to be repaid and the need to raise €100m in player sales.

Tags AC Milan


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