According to La Gazzetta dello Sport, Investcorp chiefs aren’t concerned about RedBird Capital Partners’ latest bid to buy Milan and expect to finalise the club’s takeover over the next few weeks.
The exclusive negotiation period between Elliott and Investcorp ended at the beginning of the month and the two parties are close to reaching an agreement over a €1.18 billion deal.
Early reports in April suggested that the Bahrain-based fund should have already completed the takeover by now, but Gazzetta reports that the process is taking a little longer with the two parties preparing documents and clauses before signing papers and shaking hands.
Investcorp has no concerns regarding Milan’s finances and expects to finalise the deal in the coming weeks. The closing should take place at the end of the season, so in less than a month.
Another group, probably the American Ares Capital, could partially finance the takeover, helping the Bahraini fund finalise the agreement with Elliott.
According to the report, there are no concerns over RedBird Capital Partners’ offer. Liverpool’s minority shareholders have made a €1 billion bid to buy the Rossoneri, but the offer is lower than Investcorp’s, one more reason why there are no concerns over a positive end of negotiations with Elliott.
Gazzetta – Investcorp alla ricerca di investitori, il closing a fine campionato https://t.co/IQEJhP0JLA
— MilanNews.it (@MilanNewsit) May 6, 2022