Gordon Singer – the co-owner of Elliott Management – is reportedly in Milano at present to discuss a potential takeover of AC Milan with Bernard Arnault.
Speculation have been rife that Arnault wants to purchase the Rossoneri from Elliott Management, with il Sole 24 Ore recently stating that the team’s performances on the field could mean that Elliott lower their claims and get rid of an “asset” that is becoming a burden.
La Repubblica then reported on December 27 that Arnault has tabled a €975m bid to buy Milan and is awaiting a response to his offer.
Now, La Repubblica (via Calciomercato.com) have offered an update on the situation by claiming that Gordon Singer – after having been present at San Siro for Milan vs. Sampdoria – is in Milano to discuss the potential takeover with Bernard Arnault and the Louis Vuitton group.
The talks have come to a crucial stage, the paper adds, but without new sponsorship agreements and the resolution of the stadium project, it is difficult to see Elliott selling the Rossoneri for anywhere close to the figure they have in mind.