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Elliott unhappy with Al Ardhi’s recent tweet: “Close first, then talk”

Wajih by Wajih
17 April 2022
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Elliott management owner Paul Singer

Paul Singer, founder and president of Elliott Management Corp., listens during the Bloomberg Invest Summit in New York, U.S., on Wednesday, June 7, 2017. This invitation-only event brings together the most influential and innovative figures in investing for an in-depth exploration of the challenges and opportunities posed by the constantly changing financial, economic and regulatory landscape. Photographer: Misha Friedman/Bloomberg via Getty Images

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AC Milan's ownership could be changed soon with InvestCorp reportedly trying to close a deal into buying the Serie A giants.

Investcorp executive Mohammed Alardhi
Mohammed Al Ardhi, executive chairman of Investcorp (Bloomberg via Getty Images)

The talks are ongoing with Elliott Management Corporation willing to sell the club. Yesterday, Chairman of InvestCorp Mohammed Al Ardhi teased the fans with a tweet on his personal account writing the following words:

"Congratulations to #ACMilan back on top of the italian league. Happy Easter to the club, it’s fans and everyone observing this occasion #SempreMilan." 

As per Il Giornale today though, it seems that the tweet obviously did not go unnoticed for those at Elliott Management as those at the American hedge fund were not exactly happy about it.

According to the Italian newspaper, Elliott's message to Mohammed Al Ardhi could be summed up in short this way: "Sign first, then talk."

EXCLUSIVE Milan Reports – Elliott spokesperson: “We have received interest from investors in light of sporting and financial performances of the club”

Tags: Al ArdhiElliottInvestcorpMilan
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries, contact: wajihmzoughi1996 [at] gmail [dot] com

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