Report: Buyer issues ultimatum to seller over AC Milan takeover

My Football FactsArticles

By Martin Graham | 17th May 2022

Reports have it that Investcorp, the Bahraini firm interested in taking over AC Milan from American company Elliott Management Corporation, have issued them an ultimatum to decide on their offer.

A takeover from Investcorp is going to make Milan the first team to come under the ownership of the Middle East in Serie A history. It will also surely mean a large cash flow for the club in the hyper competitive transfer window of today.

The takeover is said to be in the range of €1 – €1.2 billion. However, the Rossoneri have been reported as considering another bid for the club, which has gotten the attention of Investcorp.

The other bid is from RedBird Capital and is said to be the deal that the Rossoneri are considering ahead of the one from Investcorp. The Bahraini company is also reportedly unhappy with the leaks and developments in their negotiations for takeover with Elliott.

One of the developments which have been leaked to the media is that the company seeking an Italian investor to join them in their takeover bid as they want to give the new ownership a local feel.

Elliott, meanwhile, is confident because they have received many offers for the club. At the end of the season, they will reopen the talks, which are now slowed down as they push for their first Scudetto in 10 years.

Meanwhile, Italy’s manager Roberto Mancini has stated that the title race between the two Milan clubs is interesting for the neutral.

Milan won Atalanta by two goals to nil to go within one match of their first Scudetto since 2011. They are followed closely by Inter, who are only two points behind them.

He, however, said that Milan are the favourites for the title solely because they lead the standings. Speaking with Sky Sports Italia, Mancini said: “Are Milan favourites? Yes, because of the advantage in the standings. The teams that are fighting have deserved to go all the way. It was a good season.

“I think it’s nice for the neutral. It’s the first time [in a while] that it comes down to the last day like this, it will be nice,” Mancini added.

Martin Graham is an MFF sports writer

Neymar reportedly takes bold decision, could now remain at PSG
Mohamed Salah ends transfer speculation, renews contract with Liverpool
Tyrell Malacia to Manchester United deal close to completion
These are the Highest Earning Strikers in 2022
Article: These are the Highest Earning Strikers in 2022
Arsenal urged to drop ‘overrated’ Ben White for brilliant youngster
Man United outcast wants Flamengo stay
Athletic Bilbao confirm the return of Ernesto Valverde
Four Signings Who Could Prove Great Value in the Summer Transfer Window
Four Signings Who Could Prove Great Value in the Summer Transfer Window
Lautaro Martinez makes transfer decision amid Chelsea interest
Arsenal hold talks with Jack Wilshere over ‘return’ to the club
Spurs close in on big move to sign Richarlison from Everton
Arsenal release first trailer of explosive All Or Nothing documentary
Chelsea agree deal with Leeds to sign Raphinha
West Ham complete signing of goalkeeper Alphonse Areola
Watford pull out of Qatar friendly after supporter groups protest
Arsenal sign Gabriel Jesus - Key positives of the deal for Arsenal
Is Jude Bellingham an upgrade to Liverpool's midfield?
Manchester United prepare to amass £1 billion in debt for Old Trafford renovations
Watford under intense criticism after agreeing to Qatar friendly
Watching The World Cup 2022: How To Prepare
Watching The FIFA World Cup Qatar 2022: How To Prepare
Fact or Myth: Trent Alexander-Arnold cannot defend
Tottenham use £100 million from their £150 million injection for summer transfers
Man City sign Kalvin Phillips - Is he a good signing for the Premier League champions?
Arsenal agree Gabriel Jesus fee with Man City; Gunners set to sign Brazilian forward
Real Madrid aims to strengthen attack with Heung Min-Son after Bale Exit & Mbappe snub
Why is Manchester United struggling to attract top talents?
FIFA increase squad limit to 26 for Qatar 2022
Chelsea's new ownership will set the club back - here's why
Qatar FIFA World Cup ticket prices soar as over 1.2 million tickets already sold
Harry Maguire to remain at Manchester United; will be stripped of captaincy
PSG willing to sell Neymar; Brazilian refusing to leave club until he wins UCL
South American Football v European Football - Which is better?
Cristiano Ronaldo goes viral with son and sister on TikTok
Five years of Salah at Liverpool: From Fourth choice signing to Liverpool legend
‘One Night Stands’ banned in Qatar during World Cup; Offenders could receive jail sentences
Online Betting Site Betway
Back To Top