There are reports Milan owners Elliott Management are close to a deal to sell the club to RedBird, who have beaten Investcorp in the €1.3bn takeover race.
While Investcorp had been on the verge of an agreement and were given a two-week exclusivity period, problems arose in the negotiations.
RedBird Capital Partners came in with a similar proposal, but unlike Bahrain-based Investcorp, they already had experience in sports franchises including Liverpool FC and were offering the sum fully in equity rather than taking out loans.
According to La Gazzetta dello Sport, the other changes are that RedBird raised their bid from €1bn to €1.3bn and at the same time Investcorp hit the brakes, irritated by the sudden turnaround.
Another important element is that RedBird would still allow Elliott Management to be minority shareholders in AC Milan.
This gives Elliott the opportunity to still profit should the stadium project go ahead and maintain the current directorial leaders Paolo Maldini and Ricky Massara.
Svolta Milan, RedBird stringe: firme in arrivo, ecco le cifre dell’accordo https://t.co/EWJM7rmPG1
— La Gazzetta dello Sport (@Gazzetta_it) May 20, 2022
FI just before easter…
‘There are reports Milan owners Elliott Management are close to a deal to sell the club to Investcorp – deal to be completed in the next two days…’
It might be worth to waiting a little and actually seeing confirmations of events, before reporting pointless rumour mill type ‘articles’.
This is good news all around for Milan if true.
The report about Investcorp pulling out was from Reuters, Rosario, so I would believe that much at least.
No thanks. I hope this takeover falls through. Here’s hoping and praying
Got a bad feeling about this.
RossoNero83, why don’t you want this, do you think they won’t spend on the team?
God save milan and our fans cheering for red bird take over will get their answer in upcoming transfer window. Investcorp was much bettee option and being a Middle Eastern I exactly know who they are backed by
Wow, this would be disappointing if they were an exact replica of what we already have, they have done a good job making us relevant again, but gonna need to spend some money for that next step, ugh…….
On the face of it this doesn’t seem like a Middle East ‘sugar daddy’ type of investment. It would be wonderful to see Milan at the “top table” of European football once more – it’s where they belong. Redbird are indirectly involved with Liverpool – who are an elite team. Though this is more to do with Klopp than millions and millions invested. Liverpool will also need to make huge “investment’ to keep up with the Oil Rich teams.
Nice move
As long as they keep Maldini co in the club and they’re willing to invest on Milan new stadium and better signings, I am OK with either Redbird or Invescorp.
Oh god save our beloved club, now milan just moved from one collector to another.
they both only care about profit, I don’t think Redbird will make huge investment.
Look at Toulouse fc (they own 85% share), Liverpool?? they’re only minority shareholders. As a fan, I’m pessimistic
Rosario, all due respect, but FI is not normally a source of original reporting. They aggregate reports and rumors from overseas. They always preface their articles with the caveats that what they are writing is second hand. As a Calcio fan in the US, I appreciate everything FI do. We don’t get much Serie A news out here.
hope this deal go true welcome redbird to milan to be great again for the champion league where they belong 7 times champions no team in italy can reach good luck for sunday game italy league champions milan persempre
I think this is not good..but hopefully im wrong..cos there would be any different between elliot and redbird..they will only focus on young player and never invested on star players..
@Ditto
I hope you’re right, Elliot haven’t done a bad job so far. Why not focus on young, hungry talent? Its that or go the Inter/Juve route and buy washed up players from the EPL.