GdS: Investcorp’s ideas outlined as Elliott could retain Milan stake after €1.1bn takeover

By Oliver Fisher -

The news of the negotiation between the Investcorp fund and Elliott Management regarding the purchase of AC Milan continues to dominate the headlines.

La Gazzetta dello Sport (via MilanNews) writes how in the last week no official comments have arrived other than the statements of Paolo Maldini and a tweet from Alardhi, the executive president of Investcorp, and the secrecy (plus lack of denials) suggests that deal could be completed by the end of this month.

The discussions are taking place in London with the utmost confidentiality and the figure is €1.1bn, even if €100m could remain in Investcorp’s hands because Elliott could decide to keep a minority stake in the Rossoneri for some time, to be sold within a couple of years.

Obviously, the goal for both funds is to increase the value of Milan and therefore of the shares in their possession, a path already undertaken by Elliott in their time in charge, and that path should not change too much.

The paper adds that whether the American fund decide to remain with a minority stake or they decide to sell 100% of the club, Investcorp’s policy should not deviate too much from that of its predecessors because sporting results and healthy accounts remain the priority.

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