AC Milan offered $1.1 billion by the Bahrain-based investment fund Investcorp

L’Equipe was the first to report on the possibility of AC Milan being sold by Elliot Management to a Bahraini investment group named Investcorp, according to the publication. Investcorp was established in 1982 and now manages over $42 billion in assets across the world.

Reuters has also confirmed the existence of discussions between the two organizations, noting that they are taking place in an exclusive capacity. The rumored purchase price for the club is $1.1 billion, which includes all of the team’s outstanding debts. They claim that the transaction is on the verge of being completed.

Reports from Bloomberg state that Mubadala Investment from the United Arab Emirates will be supporting Investcorp’s acquisition offer for Milan. Mubadala is a sovereign wealth fund that manages a portfolio of $243 billion.

When questioned about a possible sale, the club’s technical director Paolo Maldini responded to DAZN through with the following statement:

“I’m not familiar with the situation, but it’s natural that there will be a sale in Milan in the future.” “I have no idea when that time will arrive.”

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