AC Milan could have new owners for the 2022/23 season as Elliott Management are in talks with not just one but two firms over a sale. The latest updates on the situation can be found below.
According to MilanNews, RedBird Capital have upped their initial offer, which now stands at €1.1bn. It’s the same amount that Investcorp have put on the table and in the coming weeks, we will understand what path Elliott have chosen.
Investcorp’s exclusivity with Elliott has expired and they are struggling with the construction of their bid. They want to finance €400m of the bid via a loan, the construction of which has proved to be easier said than done, resulting in the hesitation.
RedBird have entered the scene with confidence and it remains to be seen if they will be able to ‘hijack’ the takeover of Milan. In any case, Elliott will make sure that the club ends up in good hands.