InvestCorp are trying to finalise a deal with Elliott for the purchase of the AC Milan football club.
As per the Elliott spokesperson to our microphones, the Serie A giants have several attracted investors especially in recent light of the progress of the club in terms of sporting and financial results. The Bahrain-based investment fund is reportedly keen to take over the red and black faithful from the American hedge fund.
The Bahrain Embassy in UK have officially confirmed the negotiations between both sides with the following words:
"Brahrain-based asset manager InvestCorp has entered in exclusive talks to buy Italian #SerieA club #ACMilan for $1.1 billion. Investcorp was founded in 1982, offers a diverse and truly global investment portfolio and manages over $42 billion in assets across the globe."
