The Milanese club will enter a new era by being bought by an investment fund based in Bahrain.
After a “vulture fund”, make way for a Middle Eastern asset manager! L’AC Milan has been owned by the American fund Elliott Management Corporation since 2018. A Chinese consortium bought the Lombard club from Silvio Berlusconi in 2017, before abandoning it to Elliott, from whom it had borrowed 303 million euros.
Le « asset manager Investcorp, based in Bahrain, announced on Monday that it was in exclusive negotiations to buy the current leader of Serie A for one billion euros! It was the Bahrain embassy in the United Kingdom which gave this information on Twitter, stating that this fund managed more than 42 billion dollars in assets worldwide.
#Bahrain ?? based asset manager @Investcorp has entered in exclusive talks to buy Italian #SerieA club #AC Milan for $1.1 billion.
Investcorp was founded in 1982, offers a diverse and truly global investment portfolio and manages over $42 billion in assets across the globe pic.twitter.com/ZRpEWriPVo
— Bahrain Embassy UK (@BahrainEmbUK) April 18, 2022
Investcorp was created in 1982 by an Omani businessman, Mohammed Alardhi, to allow the wealthiest people in the Middle East to invest in certain sectors of the Western world (such as luxury), in real estate or even funds. investments and loans. Milan will become one of the most powerful clubs in Europe.