Italian media quoted the president of Milan, the Italian league leader, Paolo Scaroni, that the Lombardy club, owned since 2018 by the American investment fund “Elliott Management”, had received two “offers” to buy it.
Scaroni said, in comments reported privately by the Italian news agency, ANSA: I understand that there are two offers and that it takes time to research and compare them well.
According to information from the French newspaper L’Equipe, in mid-April the Italian media reported the interest of an investment fund based in Bahrain, “Investcorp”. This interest has not been officially confirmed by this fund, club or current owner.
Recently, the Italian press reported negotiations with another potential candidate, the US investment fund “Redbird Capital Partners”, again without official confirmation.
The Milan president confirmed: “I am not aware of the problems or critical points” with “Investcorp”, which seemed to be the most advanced in this file.
Scaroni was careful, however, to stress that he was “not the appropriate interlocutor” to answer questions on the subject.
And the club’s legend and sporting director Paolo Maldini had considered last April that it was “natural” for the club to be sold, while making sure that he did not know “when” that might happen.
Elliott Management acquired the Lombardy club in 2018 because its owner at the time, Chinese businessman Li Yonghong, was unable to repay a loan. He made no secret that he had a mid-term trend to sell this Italian giant (18 league titles, 7 Champions League titles) that was owned by Silvio Berlusconi until 2017.