AC Milan could have new owners in time for the summer as Elliott Management are in talks with the Arab fund Investcorp. And reports on how the Rossoneri could operate under the fund have now emerged.
Since Elliott Management took over Milan in 2018, the club’s financial situation has gone from strength to strength. As a result, the club is now quite valuable and as per Anto Vitiello, the talks with Investcorp are based on a $1.1b valuation.
That price tag includes the stadium project that Investcorp will push for, should they buy the club. Due diligence is currently ongoing and a full agreement could be reached at the end of the current season.
The management is expected to remain more or less the same within the club as Investcorp want to give continuity to the project Elliott started. As such, the summer mercato will be important but there won’t be a spending spree.
As Vitiello continues, Elliott never put Milan up for sale but the (significant) offer arrived and they decided to open talks. Investcorp is also considered a very reliable fund, especially since the Arab sovereign fund holds a 20% stake.