Elliott are reportedly still in talks to sell the AC milan football club as RedBird and InvestCorp are keen on making a deal.
The American hedge fund seems more inclined to make business with their compatriots rather than with the Arab fund due to the structure of the financial offer.
According to a report shared by well-known Italian newspaper specialised in economy, RedBird would have overtaken the Bahrain-based asset manager InvestCorp in the race to secure the purchase of the Rossoneri club in the last few hours.
In fact, the new offer is at 1.3 billion euros which could be increased to 1.8 billion euros and the agreement is 'very close' with Elliott. The current American owners are likely to stay in the club as minority shareholders, though.
