Football Italie – L’AC Milan et Bahreïn, c’est fini avant de commencer

Announced as very close to buying AC Milan, crowned Italian champions last weekend, Investcorp, an investment fund based in Bahrain has thrown in the towel.

Since Sunday, and the victory of their team in Sassuolo, the Milanese supporters are on a small cloud, Olivier Giroud and his teammates who brought back the Scudetto home after more than ten years of waiting. But behind the scenes of the Rossoneri, it’s not the holidays and even less the party, since the leaders of AC Milan are working on a possible takeover of the Lombard club. A few weeks ago, Investcorp, an investment fund based in Bahrain, announced its intention to buy the former team of Silvio Berlusconi, now owned by the American investment fund Elliot Management. We had mentioned an amount of nearly 1.2 billion euros, the Reuters agency announcing a signature of the transaction at the end of April. But nothing materialized, even to the point that a few days ago, it was another known buyer in France since it owns the TFC, namely RedBird Capital Partners, which appeared in the file and would be close to win the bet. Either way, Investcorp has officially thrown in the towel.

AC Milan has one less takeover candidate

In the statement, the Bahrain-based investment fund said that negotiations with the AC Milan board were over and without any agreement. ” We have had discussions with Elliott about a potential investment in AC Milan. As can happen in discussions on a premium deal, a commercial agreement was not reached and we mutually decided to end the discussions. We wish AC Milan the best for next season and beyond said Mohammed Al Ardhi, Executive Chairman of Investcorp. For the moment, it is not known where the negotiations are with RedBird Capital, which is ready to put 1.3 billion euros to take control of the Italian Champion, while leaving room for the current owner.

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