News continues to filter about Investcorp’s potential takeover of AC Milan and now Sky Italia are the latest to give an update on the state of affairs.
Peppe Di Stefano spoke on Sky (via MilanNews) and began with praise for the current owners Elliott Management, who have positively changed the technical project and they have improved the accounts to make the club more investable.
Investcorp want to buy Milan because of the work Elliott have done because they have shown in four years you can restore your balance sheet, you can start a positive technical project and you can even sell Milan for more than you bought it as they are set to make €1.1bn after their €700m investment.
Investcorp are working positively with the lawyers of both sides and the conclusion of the transaction will arrive by the end of April and the beginning of May. A fund has an obligation to listen to offers because they represent other people’s money, and that is why Elliott’s cycle should soon close.