AC Milan president Paolo Scaroni has confirmed that there are two offers on the table of Elliott Management to buy the club, but refused to given many other details.
MilanNews are among the sources to report that RedBird are attempting a hijack on Investcorp and the former are looked at with interest by the current ownership of Milan, because they have already invested in various sporting sectors.
The Bahrain-based Investcorp are now beyond the the month of exclusivity granted, and they have proposed a financial structure to buy Milan that does not completely convince Elliott, whereas RedBird appear to have put forward better terms.
Scaroni spoke to ANSA about the rumours that there are rival bidders wanting to buy the Rossoneri, with his comments relayed by MilanNews.
“I don’t know about critical issues with InvestCorp. I understand that there are two offers and it takes time to complete the scope of the offer, understand them well and to compare them,” he said.
“I am not the right interlocutor, I am only the object of the offer. It is not a process that concerns Milan, I do not even take care of it for a minute.”
Meanwhile, he also spoke on the new stadium project which continues to be the subject of various headlines.
“The project for the construction of the new AC Milan stadium is a work in progress. I am optimistic and reasonably certain that AC Milan will have a new stadium in Milano or in greater Milano,” he said.
“There is also a public consultation. There is an ongoing process that we are carrying on. In a couple of months this process will be finished.”