Today, news regarding a potential shift of ownership of AC Milan emerged. The Rossoneri club, owned by hedge fund Elliott Management Corporation seems to attract Bahrain-based investment fund 'Investcorp'.
Milan Reports have contacted the press department of Investcorp to give the fund a chance to comment on the deal. They, however, have declined to make a comment for now.
The Investment fund in question has $42 billion worth of assets under management.
Meanwhile, as per sources at Reuters, Bahrain-based Investcorp has entered into 'exclusivity talks' to purchase Italian club AC Milan. The source writes that "the deal to buy the Serie A club from current owners Elliott Management Corporation was close to being completed. Investcorp is an asset manager with lines of business including: private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. It manages over $42 billion in assets."
