Elliott Management Corporation had a period of around two weeks of exclusivity talks with Bahrain-based Investmend fund InvestCorp. Once that period ended, though, an agreement was not found reportedly with the American hedge fund not really convinced by the financial structure of the offer put on the table by the Arab company.
Then, American company which is specialised in sports investment RedBird have come forward. (owners of a controlling stake of Ligue 2 side Toulouse which earned promotion back to Ligue 1 and also owners of a 10% in FSG which controls Premier League Liverpool club)
InvestCorp, though, do not plan on giving up on the Rossoneri club.
According to Antonio Vitiello of Milannews.it on his YouTube channel, it is possible that the Arab fund sends forward a new attempt to Elliott with better economic and financial structures to complete the deal.
