CorSport: Sustainability and continuity – Investcorp expected to run Milan like Elliott

By Oliver Fisher -

AC Milan’s focus at the moment is fully on the fight for the title, but away from Milanello and inside Casa Milan preparations are ongoing for a change in onwership.

According to Il Corriere dello Sport (via MilanNews), the talks between Investcorp and Elliott Management are proceeding promptly, and it should lead to the transfer of ownership with an agreement now very close.

A pre-sale contract should be signed by the parties as early as tomorrow, or no later than the beginning of next week, and only at the end of the season will the definitive transfer of shares take place.

The transaction figure has already been reiterated several times and stands at around €1.1bn and in addition to Investcorp chairman Mohammed Alardhi, there are important figures involved in the negotiation such as Mubadala – a sovereign fund of the United Arab Emirates – plus some very wealthy families from the Persian Gulf.

Despite this, the approach that Investcorp is not expected to be much different than the one Elliott Management have used in the past four years, therefore based around economic sustainability and consistency. Maldini, Massara and Moncada should remain and renew, but CEO Ivan Gazidis has a deal until November and his future remains uncertain.

Tags AC Milan


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