According to La Gazzetta dello Sport, Investcorp’s exclusive talks with Elliott over Milan‘s takeover will last two more weeks and CEO Ivan Gazidis could leave if the Bahrain-based fund completes the deal.
The Bahrain Embassy in the United Kingdom confirmed yesterday that talks for Milan’s takeover had begun, although the tweet was cancelled later a few hours later. L’Equipe, Reuters and Bloomberg revealed on Friday that Investcorp had begun exclusive negotiations with Elliott in a potential deal worth €1.1 billion.
According to La Gazzetta dello Sport, the exclusivity period will last for two more weeks and, during this time, Investcorp will also complete the due diligence, an analysis of Milan’s finances. The potential buyers are likely to decide in 14 days and won’t take more time after the end of exclusive negotiations with Elliott.
The same report also claims that Ivan Gazidis may leave the club if Milan’s ownership changes. The former Arsenal chief arrived at at the club in 2018 and has a close bond with Elliott.
Mohammed Alardhi, the executive chairman of Investcorp, congratulated Milan on their win against Genoa on Friday night, but it’s still unclear whether he’ll have an operative role if the Bahraini investment fund buys Milan.
Milan, 15 giorni per il sì a Investcorp. #Gazidis può lasciare https://t.co/dIRYkwSbdz
— La Gazzetta dello Sport (@Gazzetta_it) April 19, 2022
I’m going to do due diligence on the connections of this Investcorp and think through still supporting Milan.
Still, having awful owners doesn’t mean a club cannot be supported. Poor Newcastle fans under Mike Ashley…
@Milan141.
Your ‘due diligence’ is simple. The biggest shareholder in investcorp is directly linkedin to the UAE. And if you type UAE into google and their record, you’ll get your answer. I can’t write it here because FI are vs free speech.
Italienske klubbeiere bør tas vare på og de trenger å bli hjulpet i stedet for å skape problemer fra fotballledelsen i Italia.
Forresten UEFA – ledet av Qatar
Italienske klubbeiere bør tas vare på og de trenger å bli
hjulpet i stedet for å skape problemer fra fotballledelsen
i Italia.
Forresten UEFA – leder av Qatar.
@Rosario
Will follow your lead
Amnesty International tells all
@Milan141.
Regrettably, yes. I put that into my comment, and FI deleted it. Selective about what we can’t and can talk about.
Amnesty International is a joke of an organization.
Another ugly ownership group in serie a / Italy. So few teams to root for.
FORZA NAPOLI & JUVE
It’s hilarious that people seem to think Milan having terrible owners is a new thing… Have you guys never heard of Silvio Berlusconi? His political party? Ruby the heartbreaker and the other underage girls at his Bunga-bunga parties? His friendship with the Gaddafi-family? The man who called Obama ‘very tan’ and is basically Mussolini’s reincarnation?
Yeah, I dunno… Might as well be owned by authoritarian oil sheiks at that point cause we gotta wear blinders when watching the games anyways…
@Vinnie
Berlusconi is never far from mind when i think this over. I supported Milan back then and I didn’t care but that was because I was much less socially, politically and morally conscious.
So it’s good that Berlusconi relinquished Milan.
PS my previous post was deleted, where I used a banned word – that isn’t offensive – using a combination of characters from two different languages to display it in the appearance so it’s readable, and in that post I explained that that word is a normal word that can be used to describe and not necessarily offend. What is going on?