Report: Elliott tell Unicredit to find new investor for AC Milan

By Oliver Fisher -

Elliott Management are looking to sell a minority stake in AC Milan as they seek support in marketing and sponsorship.

According to Milan-based outlet Milano Finanza, Elliott have told Unicredit to find an investor who would be willing to purchase up to 30% of their stake in the club.

Two possible investors have apparently already been sounded out, however their identities will remain anonymous as the negotiations are taking place in total privacy.

The aforementioned investors though reportedly believe that Elliott’s valuation of the club – believed to be in the region of €650-700m – is too high.

Tags AC Milan elliott management Notification