MN: The potential Investcorp have seen in Milan and current status of €1.18bn takeover

By Oliver Fisher -

The negotiations involving AC Milan’s current owners Elliott Management and prospective owners Investcorp over the transfer of shares are moving quickly, a report claims.

According to MilanNews, the discussions are proceeding at a steady pace, but given that the transaction will be over €1bn patience is needed. The signing of the contracts should come in the next few days and then the definitive transfer of shares and announcement should arrive in the next few weeks.

Some sources said signatures could arrive on Friday 29 April, but the two funds – especially the Bahrain one – are taking time to review all the documents and clauses imposed by the American fund. Elliott are in no hurry because Investcorp are doing everything right, and intends to conclude the negotiation.

The interest of Elliott after all their hard work to turn the club around is entrust the command of the Rossoneri to safe hands and a fund who are determined to bring the club back to the top.

In London work in the offices of Investcorp and Elliott is ongoing and Al-Ardhi – the president of the Bahraini fund – wants to take advantage of the opportunity of buying Milan to increase his assets under management. He wants a portfolio growth from $40bn to $100bn in the medium-long term.

The chance has come to invest in an internationally renowned club like Milan, one that is very popular in the Middle East region and is returning to the limelight with good on-field performances. The potential to buy a club that could potentially increase further in value with higher revenues and Serie A reform has been too good to turn down.

Tags AC Milan
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