Investcorp Holds Sale Talks with AC Milan – Reuters News Agency

exclusively reported that Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, marking the first acquisition of a top Italian team by Middle East investors. Sources close to the negotiations revealed that the deal to acquire the seven-time European champions from current owner Elliott Management Corporation is close to finalization. The potential valuation for the club is estimated to be around one billion euros, including existing debt.