Investcorp: Talks on the acquisition of Milan ‘froze’

Get real time updates directly on you device, subscribe now.

Investcorp, an asset management company based in Bahrain, has suspended its plans to acquire Italian football club AC Milan, a Reuters source said.

The source said that in discussions with the owners of Milan, the American fund Elliott, Investcorp “could not agree with them to resolve a specific issue.”

However, he did not say what the obstacle was for the talks, which have been going on for more than a month.

The Italian newspaper Il Sole 24 Ore, reported today that the investment RedBird was close to an agreement for the seven-time European champion Milan, worth 1.3 billion Euros.

The amount could increase to 1.8 billion euros in the coming years, based on a number of targets, the report said.

RedBird is already an investor in Fenway Sports Group, the owner of Liverpool and the Boston Red Sox baseball team. It also has a stake in French Toulouse.

Investcorp is in exclusive talks with Elliott over a deal last month, but has failed to reach a deal, allowing RedBird to enter the takeover race.

Source: Capital

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

www xxx xxx video tube freeproncom filmsex hindi xxxvdo xxx hd
buy kamagra buy kamagra online $255 payday loans online same day no denial payday loans direct lenders only