CorSera: Milan about to enter a new era – the final steps ahead of €1.1bn sale

Despite an incredibly close Scudetto race heading into the last four games of the season, the headlines are dominated by AC Milan’s future beyond that.

Il Corriere della Sera (via MilanNews) also confirm that the negotiations between Elliott and Investcorp Management over the purchase of Milan are proceeding swiftly and with the utmost confidentiality. The Bahrain fund are ready to invest €1.1bn to buy the club and are carrying out due diligence which is expected to be completed in the coming days.

The closure of this deal is getting closer and there is some suggestion that the signing of documents could take place on Friday, but in all likelihood it will take a few more days. The next step is the closing, i.e. the actual passage of the shares from Elliott to Investcorp, but that will not take place before the end of the season for reasons of stability.

Once the deal is closed a new era will begin for Milan and Investcorp want to make the Rossoneri grow further both on the pitch – making the squad more competitive – and off the field by increasing revenues.