The founder of Milan owner Elliott Management would rather RebBird Capital buy the club than Investcorp, a report claims.
As has been reported by La Repubblica on Tuesday (via Milan News), Elliott founder Paul Singer would rather the American firm become the new Milan owners rather than the Bahrain-based investment form of Investcorp.
It is believed that Singer is very wary of the club being saddled with a lot of bank debt when the takeover goes through.
This does not work in Investcorp’s favour as whilst they would be willing to pay more for the club, some of the money would be borrowed against the club.
RedBird Capital would not pay as much but they would be funding the purchase entirely out of their own pocket.
Given Elliott has worked very hard to make Milan financially stable whilst also improving results on the pitch, saddling the club with debt is not appealing.
