InvestCorp have left the negotiations to purchase the AC Milan football club from Elliott Management Corporation. This keeps a clear path ahead of RedBird Capital Partners to finalise the deal.
Now, according to what is reported by La Repubblica, RedBird owner and managing director Gerry Cardinale is currently in Milano to finalise the purchase of the Serie A giants during this week.
Elliott, for their part, would like to remain in this project by keeping a minority stake in the club (around 30%). AC Milan are valued at around 1.3 billion euros and it could increase up to 1.8 billion euros due to bonuses and conditions if met.
