Elliott Management is reportedly looking to sell a minority stake in Milan as it eyes ‘marketing and sponsorship’ support.
According to Milano Finanza, Elliott has given Unicredit a mandate to find an investor who can purchase 25-30 percent of Milan.
The outlet explains two have already been sounded out, although there is ‘total privacy’ with regards to their identities.
However, the investors in question would deem Elliott’s valuation of Milan – in the region of €650-700m – ‘too high’.
Elliott Management is reportedly looking to sell a minority stake in Milan as it eyes ‘marketing and sponsorship’ support.
According to Milano Finanza, Elliott has given Unicredit a mandate to find an investor who can purchase 25-30 percent of Milan.
The outlet explains two have already been sounded out, although there is ‘total privacy’ with regards to their identities.
However, the investors in question would deem Elliott’s valuation of Milan – in the region of €650-700m – ‘too high’.