Investcorp are in talks to buy AC Milan from Elliott Management but the negotiations have slowed down in recent days. This has upset the Bahrain-based fund which now has issued an ultimatum, several reports claim.
The matter was first reported by Gazzetta Dello Sport (read here) and has been confirmed by the reliable MilanNews this evening. Per the latter report, Investcorp have put €1.2bn on the table and want to complete the deal very soon.
Due diligence has been completed by Investcorp and they found no critical issues, hence the will to close a deal as soon as possible. The €1.1bn offer of the American firm RedBird Capital, however, has caused an unwanted delay.
It remains to be seen how the saga will end but it’s becoming clear that Elliott Management are evaluating the offer of RedBird as well. In any case, Milan will almost certainly have new owners next season.
I like this kind of action, deserve if they own Milan. ELLIOT Do not have for playing getting hard, JUST WASTE OF TIME. If I am from Investcorp party, I just give a deadline, take mine or take the others
We want the team to be in good hand final.
So, even if they (Investcorp) wants to buy with few hundreds million loan, which probably will be on Milan’s account shown as a debt? I think they can not talk like that with Elliot. They are to serious and big (Elliot), to accept ultimatum.
The faster this saga closed after the season is over is better, otherwise it will ruin next season transfer market plans