Bloomberg journalist Daniele Lepido spoke to Sky Sport Italia about the negotiations between Elliott Management Corporation and Bahrain-based company InvestCorp for the acquisition of AC Milan.
Here are the journalist's words:
"Elliott and Investcorp have exclusive talks. The deal could close shortly, we are not sure about the timing but it is not a matter of months. Elliott may have an interest in finishing this season. From what we understand, the new fund, if it becomes a shareholder of AC Milan, could make a more aggressive signing campaign and have long-term investment horizons. In the first half of the year, AC Milan recorded a small profit of three million euros, while at the financial level the two funds manage the same amounts of 40 billion dollars. We will see if this change of ownership will take place in a few weeks."
