Wednesday, October 23

Petrodollars to buy AC Milan: A Bahrain investment fund close to acquiring the 'rossonero'

Sergio Musella

The AC Milan is very close to changing owners after the interest from the investment fund Investcorp, from Bahrain, after exclusive talks with the American group Elliott Management, who currently own the club Italian.

The investment fund made an offer for the team from northern Italy and everything seems to indicate that it is close to materializing. Investcorp, has headquarters in the city of Rome and is a company that manages funds for the infrastructure sector, strategic capital for private investors and manages approximately $42 billion dollars in assets worldwide.

From 2018, the US fund Elliott Management He took over the ‘Rossonero’ club after negotiating with the Chinese group Yonhhong Li, of poor economic management and that left the team in one of its worst footballing moments of the last decade.

📌 Il point sulla cessione del #Milan
1) OFFER
Specific agreement, the figure is only 1.1 million dollars included in the stadium project that will carry forward.
Due diligence in atto: i time of the closing non sono lunghi, potrebbe essere entro la final de campionato.

— Antonio Vitiello (@AntoVitiello) April 17, 2022

Confirmed directors and plan to sign

The negotiations, as reported by the Gazzetta Dello Sport, include keeping Paolo Maldini and Ricky Massara on the board, who will be in charge of starting to look for reinforcements for the next season.

The Bahrain investment group would make available some $300 million dollars to get signings immediately and the names of Marco Asensio and Nicolo Zaniolo stand out. On the other hand, the main idea will be to consolidate in international football and return to being one of the most important teams in Europe as in past decades.

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