SM: Club source clarifies rumours of talks between Elliott and World Lab Technologies over sale

By Oliver Fisher -

AC Milan’s owners Elliott Mangement are not in talks with World Lab Technologies over a potential takeover, we have learned.

It came as a surprise on Saturday afternoon when Felice Raimondi – the Italian lawyer – published a press release confirming that World Lab Technologies are interested in buying AC Milan from Elliott Management. The lawyer, along with two others, has been entrusted as the consultancy firm in Italy, as per his statement..

While the interest of World Lab Technologies in Milan came out of the blue for some is far from new as the fund has been probing the takeover since August of last year, as per a statement on their official website. Jucov remains a man of mystery, as there is not a lot of information available about him online.

We reached out to AC Milan for comment on the situation, and a club source confirmed to us that Elliott ‘are not in talks with World Lab Technologies’ regarding the potential sale of the club.

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