The talks between American hedge fund Elliott Management Corporation and Bahrain-based investment fund InvestCorp is progressing. To buy the AC Milan football club, reports have claimed that a deal could be made at a fee over 1 billion euros.
As per the latest news reported by Il Sole 24 Ore, the Arab fund are ready to put 800 million euros on the table out of its own pocket. To fund the remaining amount to close the deal, they would be taking a loan worth 400 million euros. The loan would be in different financial forms with the help of the largest investment funds and bankings services in the world: Goldman Sachs and JP Morgan.
In fact, InvestCorp's management are backed by wealthy Arab families in the gulf area who would be the real investors in the background of this deal. The talks between the parties involved have now reached a very crucial stage.
