corporate financeOffersEntertainment & LifestyleSports
Apr 15, 2022 12:35 p.m. 1 minute
Reuters exclusively reported that Bahrain-based wealth manager Investcorp has entered exclusive talks to buy Series A club AC Milan, in what would be the first takeover of a top-flight Italian team by Middle Eastern investors. A source close to the talks told Reuters that the deal to buy the seven-time European champions from current owner Elliott Management Corporation is nearing completion. A potential valuation for the club would be in the region of €1bn including debt.
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Topics of interest: corporate financeOffersEntertainment & LifestyleSports
Type: Reuters best
Sectors: corporate financeSports
Regions: Europemiddle East
Types of prizes: exclusivity
Story Types: Exclusive / Scoop
Media Types: text
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