Negotiations to sell Milan are now said to be in advanced stages, with Investcorp and the Elliot fund edging closer to an agreement.
La Repubblica claim that the cost of the operation would be €1.1 billion and due diligence has already been carried for a deal on both the fronts. Reuters, Forbes and Financial Times have already talked about the deal which is being discussed by the parties.
It is stated that Elliot have restored the financial accounts of the Rossoneri and they have adjusted the financial issues that the club have previously had. Revenues are now in surplus. Elliot believe that there is no better time to sell the club for a profit.
There is an idea of moving the Milanello to a different place and there is belief that the deal can go through in the next two or three weeks. The UEFA investigations involving Lille and Milan are a key reason for why the deal is going through quickly.
Elliot have now intensified attempts to find a buyer, especially because the value of the total deal will be quite high.
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