MilanNews.it
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Here is the updated point on the negotiation for the sale of Milan between the Elliott fund and InvestCorp
Offering
The negotiation for the sale of Milan is concrete, the figures seem to be confirmed at 1.1 billion dollars. Due diligence in progress, if the process continues positively as everything suggests, short times are expected for signatures.
Transfer market
Due to the characteristics of the Arab fund as an investor with medium / long-term prospects, it is likely that at a strategic level InvestCorp will give continuity to the management approach of the club undertaken by Elliott which since its entry, despite the two years of Covid, has brought Milan to financial and sporting results that make it attractive as a model of sustainability.
Management
Precisely in the light of the results of the management strategy followed by the current owner, which seems to have played an important role in Investcorp’s offer, it is difficult to imagine a strong discontinuity in the approach to market operations, which are unlikely to be such as to put The balances achieved so far with great difficulty and which constitute solid foundations for the future are at risk.
Management
Therefore, it will be difficult to touch a toy that works because Milan is working at every level.
The bottom
InvestCorp is considered a very reliable and solid fund, especially due to the involvement of the Arab sovereign fund with a 20% stake. The project provides for further momentum at the international level.
by Antonio Vitiello
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