Elliott Management Corporation have taken over AC Milan when Yonghong Li defaulted on a capital increase payment valued at €32 million in the summer of 2018.
Since then, the American hedge fun owned by Paul Singer made a clear path to follow for the management: reaching financial sustainability by reducing the wage bill, cutting losses and increasing revenue. This has been working so far as the team also worked well in the transfer market windows by signing younger talents on affordable fees without also forgetting the arrival of experienced players such as Zlatan Ibrahimovic, Simon Kjaer, Ciprian Tatarusanu and Alessandro Florenzi.
Elliott want to continue down this line and achieve Champions League football once again this season and why not fight for the Scudetto. On the medium-term, the aim is to build a new stadium in order to increase revenue, build a bigger brand image of the club and therefore increase its worth to sell it to the highest bidder.
Credit: nuovostadiomilano.com
In this sense, it seems that there is an investment fund wanting to buy the club. In fact, as per L'Equipe, an Arab Investment fund called 'Investcorp', based in Bahrain, are interested in buying both AC Milan and Lille (the French club also has links to Elliott).
As per the source, Milan are in talks with the Ivestment fund. According to Wikipedia data, and as of 2019, the Ivestcorp has has $37.6 billion worth of assets under management.
Edit: Milan Reports have contacted Invescorp. The Bahrain-based investment fund has refused to make a comment on the matter.
