According to multiple reports in Italy, Elliott has put negotiations with Investcorp on hold, so the Bahrain-based fund could soon make an improved offer to buy Milan.
The exclusivity negotiations period between Elliott and Investcorp expired at the end of April and the American investment fund has also received an offer from Liverpool’s minority shareholders RedBird Capital Partners.
Although their proposal is believed to be lower than Investorp’s, the Bahraini fund has put €800m on the table in cash and the other €400m as debt towards banks and according to Milannews, Elliott expects a higher cash offer.
Buying the Serie A giants has become a priority for Investcorp’s Executive Chairman Mohammed Al-Ardhi, who is ready to make an improved bid to get control of the club. Elliott expects a higher cash offer and will decide on the club’s new owner at the end of the season when the financial results of the current campaign will be more precise.
Investcorp’s proposal is in the region of €1.1 billion, while RedBird Capital Partners has offered circa €1 billion.
Cessione Milan, Investcorp pronta a rilanciare: la situazione https://t.co/Tr8z7xsFa8
— MilanNews.it (@MilanNewsit) May 11, 2022
