New owner for AC Milan? Bank “Investcorp” before takeover

Serie A leaders

AC Milan could be sold to a new owner in the near future. As the news agency “ReutersAccording to reports, Bahrain-based lender Investcorp is in takeover talks with US hedge fund Elliot Management, which owns the majority stake in the Italian club. According to the report, a deal is even close to completion. “Bloomberg“ calls a sum of one billion euros (1.1 billion dollars).

When asked by Reuters, AC Milan only said that the club was concentrating on “improving its performance on the field and developing the club”. Both Investcorp and Elliot Management declined to comment on the rumours. The US hedge fund took over the club as a majority shareholder with 99.93 percent in the summer of 2018 from Chinese businessman Yonghong Li, who bought AC Milan a year earlier from long-time owner and former Italian Prime Minister Silvio Berlusconi and borrowed money from “Elliot Management”. Because Li could not pay his debts due to payment problems, the club was sold and “Elliot Management” became the new owner.

It comes as no surprise that the US hedge fund exited around four years later. Club president Paolo Scaroni announced last fall that “Elliot Management” would sell sooner or later. In December 2021, however, he believed that such a project was “still a long way off”. Since the takeover by the US hedge fund led by billionaire Paul Singer, the Rossoneri have experienced sporting highs again. After five seasons without a top-five finish, AC Milan finished fifth in the 2018/19 season and secured participation in the group stage of the Europa League.

AC Milan: 17th in the ranking of the world’s most valuable squads

This was followed by a season that ended in sixth before the club finished runners-up behind Inter in the 2020/21 season and currently sit at the top of the table. The Rossoneri have been on their way to the first team since 2011 and are two points clear of pursuers Inter and SSC Napoli after 32 games. However, Inter, who have played 31 games so far, could still overtake city rivals. Meanwhile, both clubs meet in the semi-finals of the Coppa Italia next Tuesday (9 p.m.).

In the ranking of the world’s most valuable squads, AC Milan is 17th with 480.1 million euros, which surpasses Napoli, Inter and Juventus at national level. Squad value development has been erratic over the past few years under the leadership of “Elliot Management”. The team was valued at EUR 578.5 million in 2018/19 before the value dropped to EUR 404.3 million (2019/20). An increase to EUR 547.9 million (2020/21) was followed by a minus again this season.

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