Elliott Management are currently in negotiations with two separate firms over the sale of AC Milan, ready to part ways with the club after four years. Evaluations are currently being made, a report claims.
Investcorp have been in talks with Elliott for quite some time now, as MilanNews report, but their exclusivity expired a few hours ago. As a result, the American firm RedBird Capital have also approached Elliott to discuss a potential purchase.
RedBird’s offer, however, is inferior to Investcorp as they have put €1bn on the plate while the Bahrain-based fund have offered €1.2bn. There are more factors that Elliott must consider before making a decision, though.
RedBird have more experience in sports investment as they also hold stakes in Toulouse and Liverpool, as well as baseball and basketball clubs. Furthermore, the fact that Investcorp intend to finance part of their €1.2bn offer with a loan is something Elliott must take into consideration.
In any case, there is a bright future ahead for the Rossoneri and Elliott will make sure that the club ends up in good hands.