Talks between Elliott and Investcorp are ongoing, but according to Il Corriere dello Sport, Milan owners would have preferred not to make negotiations public.
Investcorp is ready to close a €1.1 billion deal to complete Milan’s takeover by the next two weeks and fans hope to see the possible new owners make massive investments to strengthen the team in the summer.
French paper L’Equipe broke the news last week, but it didn’t take long before the Bahrain Embassy in the United Kingdom certified it. Investcorp executive chairman Mohammed Al Ardhi also seemed to confirm the news when he congratulated Milan on their win over Genoa on Friday.
Elliott directors have never publicly confirmed negotiations with Investcorp, although they declined to comment when asked for confirmation by Bloomberg and Reuters last week.
Il Corriere dello Sport quotes sources at Elliott’s headquarters in London who say that the decision to make negotiations public hasn’t been appreciated by the chiefs of the American investment fund.
Nevertheless, this won’t be an obstacle in negotiations with Investcorp hoping to finalise the deal in the next two weeks. Maldini and Massara will remain at the club if the Bahraini investment fund completes the takeover, while club CEO Ivan Gazidis will likely leave.
Milan, i malumori di Elliott…: La trattativa per la cessione del Milan da Elliott a Investcorp procede spedita ma, secondo il Corriere dello sport, il fondo anglo-americano… https://t.co/TW95NMfR7g pic.twitter.com/j3HiTdiYSg
— sportlive (@sportli26181512) April 21, 2022