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Home Primo Piano

Report: Due diligence completed by InvestCorp and no critical issues found

Wajih by Wajih
29 April 2022
in Primo Piano, News
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InvestCorp

A partial view shows the logo of Bahrain-domiciled asset manager Investcorp in the capital Manama on April 18, 2022. (Photo by Mazen Mahdi / AFP) (Photo by MAZEN MAHDI/AFP via Getty Images)

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InvestCorp's delegated team which was tasked with analysing the AC Milan club's financial health does not seem to have detected any critical issues in the books, an Italian report says.

Casa Milan
A general view of the Casa Milan during the inauguration of AC Milan's new purpose-built headquarters (Photo by Marco Luzzani/Getty Images)

According to SportMediaset, The Arab fund appreciate the great work done in the last 4 years by the Elliott investment fund. At this point, it is now a matter of days for both parties to conclude the purchase of the club.

In fact, the signings on the documents could take place next week. As for the finalisation and closing of everything, it will be done once the season is over because the players and coaching staff need some stability and a lot of concentration in this Scudetto race.

Sportmediaset mention Dow Jones as the source of the news. The claim is that the deal will cost 1.18 billion euros. InvestCorp's plans is a long-term one and there is already a team drafting a business plan for the AC Milan club.

Mohammed Al Ardhi of InvestCorp
(Visual China Group via Getty Images)
Tags: InvestcorpMilan
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries, contact: wajihmzoughi1996 [at] gmail [dot] com

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