EXCLUSIVE Soccer-Bahrain's Investcorp in excluse talks to buy AC Milan - source
The source said the deal to buy the Serie A club from current owners Elliott Management Corporation was close to being completed.
Investcorp is an asset manager with lines of business including: private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. It manages over $42 billion in assets.American firm Elliott Management Corporation took over seven-times European champions Milan in 2018.
Investcorp would not comment when contacted by Reuters while the club and Elliott Management did not immediately respond to a request for comment. Milan have won Serie A, Italy's top flight league title, 18 times but not since 2011 -- the club are currently top of the table.Reporting by Simon Evans, editing by John Stonestreet and Toby DavisSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
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