American fund RedBird Capital have overtaken Investcorp in negotiations to buy AC Milan from Elliott Management, according to a report.
Affaritaliani report that RedBird – which already holds a 10% stake in Liverpool and 85% in Toulouse – is very close to buying Milan as they have now taken the lead over Investcorp, with negotiations at ‘an advanced stage’.
The bid from RedBird is €1bn while Investcorp’s is €1.2bn, so why would Elliott prefer the Americans? It is likely because RedBird offered more guarantees, putting the entire ‘cash’ figure on the table, while Investcorp proposed a mix between money and equity with some loans used to finance it.
For this reason Elliott now seem more inclined to accept the offer from RedBird and it would still allow them to make a capital gain of €220m, having invested a total of approximately €780m into the running of the club.
If RedBird win the race it means that their offer is better for the club but also that Investcorp has not offered the necessary guarantees for a strategic investment and not just a financial one.
American fund always just for profit . Better stick with Arab fund but if cannot then no choice then
i hate elliott
reccaman is right arab owner know how to invest in football clubs american owner always in it for short term and ways to make money fast arab owner see it ass long term big investment that lead tto rise club market value like Florentino Pérez did with real madrid or Roman Abramovich did with chelsea no if abramovich sell chelsea he will make big profit for his investment that the type of owner i want my milan to have
I hope these red bird guys won’t have us fighting to avoid relegation 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣