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.