There is another buyer interested in Milan
New addition after Investcorp: Redbird Capital Partners
May 20th, 2022
It was the Easter weekend when rumours spread that Milan could be put on the market again, today, months later, another suitor has come out of the woodwork. Negotiations with Investcorp, the first fund interested in the Rossoneri club, have suffered an unexpected slowdown that has convinced the Rossoneri to look elsewhere. Despite the fact that the Bahrain-based fund's offer seemed to be one of those difficult to refuse, according to several rumours the agreed price tag was around $1.1 billion, Redbird Capital Partners seems ready to raise, increasing the initial offer. The American fund, taking advantage of this situation of uncertainty, has decided to force its way into the negotiations by putting 1.3 billion on the table, which could rise to 1.8 billion thanks to a series of clauses and premiums.
After so much noise, therefore, the possibility that the fund that over the years has acquired luxury brands such as Gucci or Tiffany, only to resell them to the highest bidder, decides to conclude the agreement with Elliott and partners seems to have been wrecked. According to reports in Il Sole 24ore, the negotiations with the Americans of Redbird Capital Partners seem to be on the home stretch. Although for now with lower revenues, Italian football enjoys a new appeal in this period, the reason being that there are easier entry costs in Italy. And also thanks to some specific measures, such as the Decreto Crescita, it is possible that more and more entrepreneurs and investment funds will enter Italian football in the coming years. These will be important weeks off the pitch for AC Milan as well, committed first to winning the Scudetto that has been missing for so many seasons.