AC Milan's new owners are still to be identified yet as Elliott have two buyers very much interested: Bahrain-based asset manager InvestCorp and American private investment firm RedBird Capital Partners.
The Arab fund has submitted an offer initially of around 800 million euros in cash while the rest is provided in different financial forms. But, Elliott Management Corporation are not too keen on making this deal go through. As we have told you yesterday already, the Bahrain-domiciled investment fund is looking for other ways to inject more cash into their offer in hopes of convincing the current AC Milan owners, as reported by La Gazzetta dello Spor
According to what is reported by the daily Italian newspaper, the Bahrain-based firm is defining a new and better offer. Most of the money will be coming from the fund itself while the rest will be funded by wealthy investors and families in the Persian Gulf and only a small part of the offer would be funded by a bank loan.
