After three behind-the-scenes command changes from 2017, The Milan Let’s sell it once again, this time to InvestCorp, an investment fund based in Manama, the capital of Bahrain. The talks were confirmed by the Bahraini Embassy in the United Kingdom, which revealed the offer $ 1.1 billion (approximately R $ 5.1) Made with funds to buy the traditional Italian club.
“Bahrain Property Manager InvestCorp has begun exclusive talks to buy Serie A Club Milan for US $ 1.1 billion.
Milan has been controlled by former Italian Prime Minister Silvio Berlusconi for 31 years, ending in 2017, when 99.93% of the club was sold to the Chinese federation. Rosonery Sport Investment Lux, Led by Li Yonghong, he assumed the presidency of Milan. The following year, the Chinese took control of Elliott Management, an American group with millions of dollars in debt.
Later, the new owners of the club appointed Palo Scroni as president. Scaroni is in office, the current season, the team fought for the Italian championship title, last winning in 2011. Even in a positive situation, Elliott is willing to negotiate a sale because it has taken the club for a fee. Rosoneri’s image was able to improve after the loan and restructuring process.
According to Italian newspapers, InvestCorp plans to retain the same work that Elliott did so far, with former defender Paulo Maldini and current technical director. The ‘La Gazetta Dello Sport’ newspaper reported that the fund has great ambitions and wants to reconsider Milan in the Champions League.
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