Despite several changes in recent years, there could be new Serie A ownership with a potential AC Milan takeover on the cards. The club has seen a number of takeovers and ownerships since former longtime owner Silvio Berlusconi sold the club in 2017. Now, according to Bloomberg, Middle East Investcorp is in talks to buy the historic Italian club.
Investcorp and major shareholder Mubadala Investment Co. of Abu Dhabi are in talks to buy the club from Elliott Management Corp. Bloomberg say the negotiations value the club at €1 billion.
For now, representatives from Investcorp, Elliott Management and Milan declined to comment.
A Rumored AC Milan Takeover
A tumultuous recent history
In April 2017, Berlusconi sold Milan to a Chinese consortium led by Li Yonghong for around 740 million euros. others. Of the 11 big buys, only Kessie remains on the team, but it won’t be for long.
The club failed with its new purchases and Elliott Management took over in 2018 after Yonghong defaulted on its debts.
Elliott Management have done a fantastic job with the club so far. They made wise hires, and on top of that, invested heavily in buying young players who paid massively. This includes the likes of Rafael Leao, Fikayo Tomori, Pierre Kalulu, Sandro Tonali and others. In addition, the work carried out by Elliott Management places Milan in the race for Shield and back to the Champions League.
Milan fans may see this as worrying due to the success of Elliott Management. That being said, Elliott Management came with a specific monetary objective of increasing the value of the club and selling it. Investcorp, however, does the same.
Since 2015, Investcorp has more than quadrupled assets under management. The silver lining here for Milan is that, as an asset, their value will increase as they experience more success.
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