Multiple reports in Italy claim that Abu Dhabi state-owned holding company Mubadala is involved in Milan‘s takeover along with Investcorp.
The Bahrain-based fund is in exclusive talks with Elliott over a €1.18 billion deal which could be finalised by the end of the month and be announced at the end of the season.
La Gazzetta dello Sport and Tuttomercatoweb report that Mubadala is also involved in the deal. The Abu Dhabi state-owned holding company has a 20% stake in Investcorp and its CEO Khaldun al-Mubarak, is the President of Manchester City.
Mubadala has $243 billion assets under management and, according to Tuttomercatoweb, is pushing to finalise the deal with Investcorp.
The exclusivity period in negotiations between Investcorp and Elliott ends at the end of the month and according to multiple sources, the two parties are close to reaching an agreement. If the Bahrain-based fund completes the club’s takeover, the Rossoneri could have a transfer budget of €300m for the summer of 2022.
Meantime, Milan are still in the race for the title with a two-point lead over second-placed Inter. However, the Nerazzurri will jump to the top of the table if they win their game in hand against Bologna tonight.
Sorpasso a destra, il #Milan di Investcorp punta Berardi: contatti avanzati https://t.co/tuDEJkJGyW
— La Gazzetta dello Sport (@Gazzetta_it) April 26, 2022
The great AC Milan. Now a subsidary of City Football Group.
@DB Milan
That doesn’t concern me the slightest. Important thing is we go back to the top where we belong. Losen up on your pride nothing wrong with getting a cash injection
@DB MIlan Better than being owned partly by the Chinese government like Inter
Lorenzo looks thru the comments, compiles information as well as rumours and reports, and then 2-3 weeks after the event, he writes an ‘article’.
Pure genius.
Shame dirty money is creeping into calcio
JT would you prefer dirty money or no money?
@Viktor
It should concern you as a Milan fan. Look whats happening to Chelsea after their money was suddenly deemed too dirty. It could happen again to another club in the blink of an eye.
@Chris2
No money would be my choice. There are other people with money out there however. Whether they are interested in Milan is another thing. Bahrain/Saudi are only interested for sports washing reasons. That should concern the right thinking football fan, no matter what club they support.
@S.G.
Is it? Or is it exactly the same?
@distribution box. Db. You can get out and seize being a fan. That’s if you’re not a troll.
Chris2 life throws up difficult moral decisions!
@O’Gabbs
I have no idea what that means. I’m certainly not a troll, no. There will be fans who care and fans who don’t. I am 100% the former as I have a conscience.
How did you determine that this is actually ‘dirty money’?
@Ravanelli
Bahrain and UAE are involved. Have a look at what human rights are like in those places. These people aren’t football fans, they are using it for soft power. Its all well documented, from the Saudis at Newcastle to PSG to Chinese involvement at various clubs. If its that or try to emulate Bayern, I’ll take the Bayern route please.
This is a huge moment for Milan pls people of Italy try to understand how big this is the man city owners have not just invested in the club but all around the city to make it attractive and this is what these new owners will do I really want this to happen we need the serie a clubs challenging again we need to come out of the small world and see how big this is serie a teams have not been able to win the champions league in the last decade why the teams are not strong
Honestly I am unable to understand why so many Milan fans are against investment from big money institutions or individuals.. Dirty or not, as long as this same kind of mind has helped transformed the English league and big European clubs, it is very welcomed! Man city was no where before the money came and now they are one of the best teams in the world and PsG has been dominating their league as well + no matter what you do, you don’t get punished by UEFA 😂! Berlusconi sold Milan because he realised football has changed and only big money owners can be at the top and If you are not tired of being priced out of every player Milan go for year in year out and the years of free transfers and players at their retirement age coming to Milan for one last pay, I am as a fan! There’s nothing wrong if Italian football follow same way as the big European clubs after all, Italy is as corrupt as any dirty money coming in😌
Wouldn’t’ that be a conflict of interest since both City and Milan would have a chance to play each other in the CL?
@Azzuro if you have money, Uefa don’t mind☺
I might agree with some of what you said, but then you have Berlusconi who wasn’t a saint either with his connections to the mafia and the other known shady stuff. But no one seemed to mind. So, where do we draw the line?
@ DB Milan btw
@DB – you can go support inter and their Chinese broke owners then. If you want to be top, you need money. You bring a stupid example of Chelsea and said it was deemed dirty money – how about a war in Russia caused the issue they have? Get your facts straight. When berlusconi owned Milan, there were plenty of dirty money and no one cared. Juventus has always played dirty and no one cares. It’s time for Milan to get huge cash injection so they can return to the top. And get their own stadium apart from inter.
Well one thing is certain …with huge cash injection,Milan will definitely conquer Europe. Nothing wrong with arab/oil money
@Ravanelli
That is true, the man was no saint and its hard for anyone to know where the line should be. We can’t revisit old Silvio and his bunga bunga ways but we can certainly be against this type of investment going forward.
As we see from comments here, some people simply don’t care where the money comes from as long as they get a trophy or 2. I just can’t go along with that thinking.
Now we are worrying about where the money is coming from, but I didn’t see any country threating to boycott the WC because its gonna be played in Qatar.
If you wanna preach all these things then start with FIFA and UEFA.
Its never a good idea for any money bag institution to take over a football club from other country, but UEFA didn’t do anything about it when this was happening, and now if you are not owned by a wealthy organisation then you are not good enough, we keep comparing the EPL, they are the best because of the foreign money injected into their league, without that they wont be attracting all these windfalls.
If every clubs in Serie A and even Serie C are owned by the Qataris , honestly I don’t know what to say, that is what UEFA wanted, sooner or later, these people will take over all the big clubs in Europe, this is just the beginning, and by the time we will want to stop it, it will be too late.
We’ll see what happens. I’m still a little skeptical with these articles however that being said I just recently read an article by a French sports paper on their twitter and its reads like this “with the new owners Milan are set to become one of the richest football teams of Europe” but again we’ll see, I don’t want to get my hopes up and then have them dashed to pieces.
If this is dirty money how come every almost every county on the planet is paying them for their oil? Every car you all use is contributing but you all have no problem filling your tanks up with their oil, where is your morality when it saves you 10 minutes on your journey? Hippocrates. How about inters Chinese state backed owners and their treatment of their people? Why was no one concerned about abramovic until the war started? How many of you stop to think about civilians killed by American drones by accident? Even my country England has dirty hands. None of us has the right to moral high ground here so stop with the bs
it is just too absurd to connect this clean or dirty money and human right and all those political things into one single institution named Investcorp.. if you try to connect all of that then no company/institution is clean..
@Smh
I see you have no idea what I’m talking about.
@1MikeJ
That’s pure whataboutery. We can discuss one thing without discussing all things. Otherwise any argument is diluted but yes, I am, and have been, against all the situations you mentioned. It would be weird if I wasn’t.
@Ralph
It’s already too late. Italian football was one of the last because its not been a very successful league for a long time. Football will be ruined and sent back to the stone age because we are prepared to take money from anyone so long as we get a little tin trophy at the end,
As a Milan fan, of course it would be great to have some serious investment, but it would also be nice to continue to not be owned by a corrupt arab oil state. Yes Berlusconi’s money was also dirty, and we are competing against a team whose investment comes from probably the most violent and oppressive authoritarian state in the world, but neither of these things make it right.
I think most football fans detest what man city and psg have done to football, with standards in all areas declining due to over concentrated investment. To those making the “it’s all dirty money argument”, money laundering is one thing, sports washing is something quite different.
I’m not in favor of this deal going through. Maybe I’m too old school but I’ve been hating on the likes of Man City and PSG for a decade now, and I always believed they have made football much worse. Oil money ruined the purity of football to a certain degree. My only hope is Maldini, with him remaining there may be some hope of keeping the identity and hopefully logic prevails in decision making instead of insanity.
I would welcome this but they must continue with the new stadium and put something in place to grow young Italian talent.
All this talk about ‘dirty money’ in the feed.
Some of y’all have got some messed up ideas about good and evil in the world.
Almost ALL corporations will have at least a few skeletons in their financial closets.
And let’s not forget that Italy itself is a nation synonymous with organised crime. Juve are always under investigation for something or other and even the legend Berlusconi had his run-ins with the law,
Who exactly do you want to own the club that is 100% honest and ethical? Because they don’t exist.
So it’s time to stop thinking that any football clubs are saints and that certain corporations are evil.
Lets just see what the future brings.
AC Milan was the original plastic club when Berlusconi bought the club in the 80s and went on an Chelsea/City/PSG style shopping spree. This is not a surprise
As if Berlusconi’s money was “clean”..
Nobody should compare Milan with city or pSg. The only comparison is abt the owners. Those two clubs don’t have any history. It’s pure racism calling this investors corrupt. Europe is twice as corrupt. The two teams have not been able to bring abt the desired victory and there’s nothing bad in turning to Milan since it’s in our DNA. I’ll rather have this owners than lose my best players to rich clubs like in the case of shevy, kaka, Thiago Silva and Ibra. Enough is enough
Arab blood money has no place in football. Man city and psg are disgusting dirty clubs, now Milan as well.