Football Italy – Ita: Milan turns Bahrain, 1.3 billion euros arrive from the United States!

While the Bahrain Investcorp fund seemed set to win the day, AC Milan should ultimately remain under the American flag. According to the Italian press, Eliott Management Corporation is now negotiating a partnership with RedBird Capital Partners, Toulouse’s main shareholder.

AC Milan supporters are witnessing a big turnaround. Offered for sale by the company Eliott Management Corporation, the resident of Serie A was to land in the hands of Investcorp. The Bahrain-based investment fund had made good progress in takeover talks and already had big ambitions. Among these objectives relayed in the media, the announced buyer planned to abandon Inter Milan at San Siro and build his own stadium.

The project had been talked about insofar as the two clubs evoked the idea of ​​​​building a new common enclosure. But the debate will not last since the exchanges with Investcorp finally failed. From now on, it is another actor who is about to take control of AC Milan. According to the economic daily Il Sole 24 Ore, Eliott Management Corporation is now negotiating with another American company, namely RedBird Capital Partners, known in France as the majority shareholder of Toulouse, the champion of Ligue 2 promoted in the ‘elite.

Eliott could remain a minority shareholder

This new candidate would be on track to acquire the Rossoneri against an estimated amount of 1.3 billion euros, or even 1.8 if the planned bonuses are reached. Note that the operation is not yet complete. Both sides would come to that same endgame where Investcorp had failed. But the difference is that RedBird Capital Partners and its founder Gerry Cardinale want to become majority shareholders, while leaving a share to the current owner. The discussions therefore focus on a possible collaboration, and not on a succession.

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