Mon. Aug 8th, 2022

Reports has it that, Investcorp could sign the contracts for their €1.1bn take-over of AC Milan by Friday April 29.

Negotiations have been ongoing for more than two weeks now, with a hope to complete the closing by early May.

Newspapers in Italy reported that Investcorp are on track to sign the contracts in the Milan headquarters by Friday April 29.

The main issues have been taking care of and the parties involved are on the verge of conclusion.

Investcorp are a sovereign investment fund based in Bahrain.

The current Milan owners are Elliott Management, a US investment fund who essentially repossessed the club in 2018 when Yonghong Li failed to keep up repayments on a loan he had used to purchase the Serie A giants from Silvio Berlusconi. According to E! News.

By Nwosu Chizoba David

Nwosu Chizoba David is an entertainment and football lover, promoter, analyst and writer. He aspires to make a name in the media company. He is the CEO of Soccercruz (News site, Podcast, Radio and Television). email: zobanwosu88@gmail.com, phone number: +2348063046744.

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