Connect with us

Hi, what are you looking for?

Football Reporting
Football Reporting

Football News

Elliott Management founder has a favoured buyer for Milan


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.

Advertisement. Scroll to continue reading.

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.



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

FIFA

Kylian Mbappe has become a global icon but when he broke onto the scene with Monaco as a teenager, he was known by a...

AC Milan

One of the names that has emerged in recent days as a transfer target for AC Milan is Aaron Anselmino of Boca Juniors, and...

Arsenal

Arsenal are preparation for a heavyweight clash against Premier League rivals Manchester City after returning from the international break with concerns over Bukayo Saka’s...

Serie A

Francesco Camarda continues to be the subject of speculation given that he has turned 16 and thus is able to sign his first professional...