Reuters reveals AC Milan is target of sale talks with Bahrain-based Investcorp

Business and financeOffersEntertainment and lifestyleSports

Reuters exclusively reported that Bahrain-based asset manager Investcorp has entered into exclusive talks to buy Serie A club AC Milan, in what would be the first takeover of a major Italian team by Middle Eastern investors. A source close to the talks told Reuters the deal to buy the seven-time European champions from current owner Elliott Management Corporation is close to being finalized. A potential valuation for the club would be around one billion euros including debt.

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Topics of interest: Business and financeOffersEntertainment and lifestyleSports

Type: Best Reuters

Sectors: Business and financeSports

Regions: EuropeMiddle East

Types of victory: Exclusivity

Types of story: Exclusive / Scoop

Media Types: Text

Customer impact: Important regional history

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