Rishi Kapoor who is the Co-CEO of Bahrain-based asset manager InvestCorp which is in talks to purchase AC Milan football club from Elliott Management Corporation, granted an interview to Gulfnews.com. He discussed the possible takeover of the Serie A giants.
Here are his statements:
"At this stage, it’s not possible to comment. But it’s a fact that Investcorp hasn’t had any direct exposure to sporting franchises anywhere. What we do have is an investment in United Talent Agency in the US, which apart from entertainers and artists also represents and works closely with sports personalities."
"Through United Talent Agency, we do have a pretty strong appreciation and understanding of how the business operates in the US. And sports is a key component of the entertainment market today. Let’s leave aside any AC Milan deal for now..."
