AC Milan and Bahrain is over before it starts

AC Milan and Bahrain is over before it starts

Investcorp, a Bahrain-based investment fund announced as very close to buying AC Milan, which was crowned Italian champion last weekend, threw a towel in the ring.

Since Sunday and the victory of their team in Sassuolo, Milan fans are on a small cloud, Olivier Giroud and his teammates who brought back Scudetto home after more than ten years of waiting. But behind the scenes at Rossoneri, it’s not a holiday, let alone a party, as AC Milan leaders are working on a possible takeover of the Lombard club. Investcorp, a Bahrain-based investment fund, announced a few weeks ago its intention to buy a former team of Silvio Berlusconi, now owned by the US investment fund Elliot Management. We mentioned the amount of almost 1.2 billion euros, Reuters announced the signing of the transaction at the end of April. But nothing happened, even to the extent that a few days ago it was another well-known buyer in France, because he owns a TFC, specifically RedBird Capital Partners, which appeared in the file and would be close to winning the bet. Either way, Investcorp has officially thrown a towel into the ring.

AC Milan has one less candidate to take over

This was stated in a statement by an investment fund based in Bahrain negotiations with the management of AC Milan have ended and without any agreement. ” Elliott and I discussed a potential investment in AC Milan. As can happen during the discussions on premium trade, no commercial agreement was reached and we decided to end the negotiations with each other. We wish AC Milan the best next season and beyond said Mohammed Al Ardhi, CEO of Investcorp. It is not known at the moment where the negotiations are with RedBird Capital, which is ready to invest 1.3 billion euros to take control of the Italian champion, while leaving room for the current owner.

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