The asset managing firm is interested in taking over the Serie A club from the Elliott Management Corporation.
In an exclusive report, Reuters claims that Investcorp has initiated “exclusivity talks” to buy Milan. The report further suggests that a deal regarding this potential takeover is close to being completed between the Bahrain-based firm and Milan’s current owner in the Elliott Management Corporation.
As far as Investcorp is concerned, they manage assets worth over $42 billion in 13 countries across Asia, America, Europe, and the Gulf countries. The firm’s line of business includes private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital.
Mohammed Bin Mahfoodh Alardhi is the current CEO of the company, and Rishi Kapoor and Hazem Ben-Gacem are the designated co-CEOs.
In March 2021, Investcorp acquired the headquarters of the International Fund for Agricultural Development (IFAD) in Rome for a reported amount of €128 million. Elliott Management Corporation currently holds a 99.93% stake in the Italian club. The American investment management firm took charge of Milan’s ownership in 2018.