Milano was bought by the Bahrain Venture Capital Fund

The MilanIt is getting closer and closer to being acquired by the Bahrain-based venture capital fund Investcorp. According to the Il Sole 24 Ore newspaper, which specializes in economics, Investcorp should finish negotiations by next Friday (29).

Currently, Investcorp has offices in the United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China and Singapore. The fund has more than $37 billion in assets under management.

Media businessman and former Italian Prime Minister Silvio Berlusconi Milan sold to Chinese investor Li Yonghong in 2017 for 740 million euros, including debt. However, the following year, American venture fund Elliott Management took over the management of the team. After Yonghong failed to pay 300 million euros in installments for a loan he took. Milan, the current Serie A leader, is valued at around 1 billion euros.

Last week, the topic was already recurring in the European press.. According to information from the international news agency “Reuters” on April 20, the sale process was almost complete, in what will be the first investment of a Middle Eastern company in Italian football.