Report: Buyer issues ultimatum to seller over AC Milan takeover

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Written by Martin Graham | May 17 2022

It has been reported that Investcorp, the Bahraini company interested in acquiring AC Milan from US firm Elliott Management, has issued an ultimatum to them to decide on their bid.

The acquisition from Investcorp will make AC Milan the first team under the ownership of the Middle East in the history of the Italian Serie A. That would certainly mean a massive cash flow for the club in today’s highly competitive transfer window.

The acquisition is said to be in the range of 1 – 1.2 billion euros. However, it has been reported that the Rossoneri is considering another offer for the club, which has caught the attention of Investcorp.

The other offer from RedBird Capital is said to be the deal Rossoneri is considering before the offer from Investcorp. The Bahraini company is also reported to be unhappy with the leaks and developments in its acquisition negotiations with Elliott.

One development that was leaked to the media is that the company is looking for an Italian investor to join it in its takeover bid as it wants to localize the new ownership.

Elliott, meanwhile, is confident that they have received many offers for the club. At the end of the season, they will reopen talks, which have now slowed as they push to get their first scudetto in 10 years.

Meanwhile, Italy coach Roberto Mancini stated that the title race between the two Milan clubs is interesting for a neutral.

Milan beat Atalanta with two goals to zero to go in one match of their first title since 2011. They are followed by Inter, who are only two points behind them.

However, he said that Milan are the favorites to win the title only because they are top of the standings. Speaking to Sky Sports Italia, Mancini said: “Is Milan the favourite? Yes, because of the advantage in the standings. The teams that fight deserved to go all the way. It was a good season.

“I think it’s good to be neutral. It’s the first time [in a while] That it comes to the last day like this, it would be great,” added Mancini.

Martin Graham is a sports writer for the MFF Forum