A Bahraini investment fund is negotiating to buy Milan for 5 billion Brazilian riyals

After three behind-the-scenes leadership changes since 2017, Milan It could be sold again, this time to Investcorp, an investment fund based in Manama, the capital of Bahrain. The Embassy of Bahrain in the United Kingdom confirmed the negotiations, which revealed an offer $1.1 billion (about 5.1 Brazilian real) made by the fund to buy the traditional Italian club.

“Investcorp, asset manager in Bahrain, has begun exclusive talks to buy AC Milan for US$1.1 billion. Founded in 1982, Investcorp offers a truly diversified and global investment portfolio, as well as managing over US$42 billion in assets worldwide,” The embassy said in a social media post.

Former Italian Prime Minister Silvio Berlusconi dominated Milan for 31 years, a period that ended in 2017, when 99.93% of the club was sold to the Chinese consortium. Rossoneri Sport Investment Luxe, led by Lee Yong-hong, who took over the presidency of Milan. The following year, the Chinese gave control of the American group Elliot Management, which had debts of one million dollars.

Subsequently, the new owners of the club appointed Paolo Scaroni as president. Scaroni is still in office, and this season has seen the team fight for the Italian championship title, which they won for the last time in 2011. Even with the positive scenario, Elliott is open to sale negotiations, taking over the club as a down payment and debts able to bolster the Rossoneri’s image after the operation. Restructuring.

According to the Italian press, Investcorp has plans to follow the same course of action that Elliott has done so far, including retaining two managers, such as former defender Paolo Maldini, the current head coach. And the newspaper “La Gazzetta dello Sport” reported that the fund has great ambitions and intends to return Milan to the spotlight in the Champions League.