Tuttosport: Two-way fight ensues to buy Milan – the decisive period and who leads the race

By Oliver Fisher -

There is currently a two-way battle ongoing to become the next owners of AC Milan and the coming days and weeks will be decisive, according to a report.

While the Scudetto race continues on the field, Tuttosport (via MilanNews) report that news should arrive regarding the battle between Investcorp and RedBird Capital to purchase Milan from Elliott Management.

Everything seemed to have been done with the Bahrain fund, with the signing of a preliminary binding contract reportedly imminent, but in recent days the American fund have raised their offer to get closer to that of Investcorp, who put €1.18bn on the table.

The moment of truth is expected between the end of May and the beginning of June. RedBird have long had their eyes on Milan and had contacts with Elliott back in January, but then they gave four weeks gave four weeks of exclusivity to Investcorp, a sign that the offer of the former was not considered satisfactory.

In the last few days things have changed meaning RedBird are very much back in the running, even leading the race to be Milan’s next owners, but Investcorp remain convinced that they still have an excellent chance of closing the purchase.

Once the season ends things will accelerate as Elliott aim to secure the best conditions for themselves and for the club, so the next few weeks will be the decisive phase in this battle.

Tags AC Milan
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