AC Milan’s owners Elliott Management reportedly want to raise the value of the club to €1.2billion before they will consider selling up.
The American hedge fund famously took control of AC Milan following Yonghong Li defaulting on the loan Elliott provided him to purchase the club.
They do not intend to hold onto the club forever, however, their intentions have always been to raise the value drastically then flip it for a profit.
According to La Repubblica, the valuation Elliot is looking to reach before selling is €1.2billion.
Currently, the club is valued at €520million according to Forbes. If these numbers are to be believed then the Singer clan will be more than doubling the valuation of Milan.
The first step, of course, is qualifying for the Champions League, which will be a huge boost to the club’s coffers and will help thrust the Rossoneri back among Europe’s elite.