Investcorp, Elliott end talks for AC Milan buyout
ROME : Investcorp and U.S. fund Elliott have ended talks over the buyout of Italian soccer champions AC Milan, a top executive of the Bahrain-domiciled asset manager said on Thursday.
Silvio Berlusconi Sport News
El nuevo capricho de Berlusconi sueña con la Serie A
Monza es una pequeña ciudad de la región de Lombardía que se encuentra cerca de Milán. Aunque es muy conocida por albergar uno de los Gran Premio de Fórmula 1, en lo futbolístico nunca ha llegado al dar el salto al primer nivel.
El nuevo capricho de Berlusconi sueña con la Serie A
Monza es una pequeña ciudad de la región de Lombardía que se encuentra cerca de Milán. Aunque es muy conocida por albergar uno de los Gran Premio de Fórmula 1, en lo futbolístico nunca ha llegado al dar el salto al primer nivel.
RedBird frontrunner for AC Milan deal after Investcorp hits pause
:Asset manager Investcorp has put on hold its plans to purchase Italian soccer club AC Milan, a source with knowledge of the talks told Reuters on Friday, clearing the way for U.S. investment firm RedBird to pursue a deal.
Milan on brink of title as Inter hope to spring final-day surprise
It has been 11 years since AC Milan won their last Serie A title, but they need only draw at Sassuolo on Sunday to take home a Scudetto which has been elusive for far too long for a club of their grandeur.
Investcorp, Elliott could clinch AC Milan deal this week, sources say
MILAN : Bahrain-domiciled asset manager Investcorp could agree the buyout of Italian soccer club AC Milan as early as this week, when an exclusive negotiation period with U.S. fund Elliott is set to end, sources familiar with the matter said.
Bahrain-based Investcorp in exclusive talks to buy AC Milan, say sources
MANCHESTER: Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, sources said on Friday, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-times European champions from current owner Elliott Management Corporation was near to completion. A potential valuation for the club would be in the region of 1 billion euros ($1.08 billion) including debt, the sources said. Investcorp manages over $42 billion in assets with business lines including private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. Investcorp and Elliott, which took over Milan in 2018, would not comment when contacted by Reuters. An AC Milan spokesperson said only that “AC Milan remains focused on improving its performance on the pitch and to develop the club.” A second source briefed with the matter confirmed talks between Elliott and Investcorp over a potential sale. Milan have won Italy’s top flight league title 18 times but not since 2011. The club has struggled to recreate the glory years enjoyed under the ownership of Silvio Berlusconi and his Fininvest group.
