A management overhaul is expected to change the face of Milan ahead of next season, much like what happened to city rivals Inter after it was acquired by Suning Holdings Group in 2016.
Bahrain-based firm Investcorp will complete the acquisition of the club from Elliott Management by the end of the month as there are no obstacles in the €1.1bn negotiations for Milan’s value.
❗ BREAKING: Investcorp expected to close its €1.1bn #AC Milan Pickup by Friday @sole24ore Report.https://t.co/S7ZfgWnkkh #SempreMilan
— SempreMilan (@SempreMilanCom) April 25, 2022
Italian point of sale Il Sole 24 ore has passed on reports that the transfer of ownership could arrive as early as Friday, after the Arab-funded investment reportedly started to deal with Elliott on final documents, leaving only due diligence to be done by both parties at the end.
Milan has grown by leaps and bounds in recent years, particularly since 2018 when current management took over after Yonghong Li’s ownership ended due to a loan repayment default.
Developments off the field have also been reflected on the field Rossoneri have fought back to the top as Serie A heavyweights and need little more time to do well in the UEFA Champions League. Milan will compete in continental competition for the second year in a row after spending most of the last decade on the back burner.
The change of ownership as indicated by La Gazzetta dello Sport (about Milan News), is expected to welcome a 10-year plan.
The idea is to push Milan back up as one of the top ten football clubs in the world within this period, not only in terms of competitive spirit in the biggest club tournaments, but also in terms of revenue – which can be achieved by strengthening that Rossoneri Brand.