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AC Milan

Chelsea price influenced Elliott’s requests during Milan takeover talks

AC Milan are just one point from clinching their Scudetto since 2011 and succeeding would be a great success for above all Elliott Management. And it could be the latter’s season fully in charge of the Rossoneri. 

In spite of the abandoned talks with Investcorp, the Bahrain-based fund, Elliott Management are expected to sell Milan this summer or at least in the next months. This was confirmed by several reports today, reporting on RedBird Capital’s hefty offer.

According to MilanNews, the overall figure of the takeover could reach an impressive €1.8bn through a series of clauses. Most likely, the sale of Chelsea contributed to the increased demands of Elliott Management, who stopped negotiations with Investcorp.

Chelsea sold for a whopping £4.25bn to American businessman Tedd Boehly (pictured to the right in the featured image) and his consortium. However, the increased demands are also linked to Milan’s success both on and off the pitch.

The report adds that the current management will be confirmed as RedBird want to preserve continuity to the project Elliott have started.

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