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Bahrain-based Investcorp has entered into”‘exclusivity talks* to buy Italian membership AC Milan, a supply near the deal informed Reuters on Friday.
The supply stated the deal to purchase the Serie A membership from present homeowners Elliott Administration Company was near being accomplished.
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Investcorp is an asset supervisor with strains of enterprise together with: personal fairness, actual property, absolute return investments, infrastructure, credit score administration, and strategic capital. It manages over $42 billion in property.
American agency Elliott Administration Company took over seven-times European champions Milan in 2018.
Investcorp wouldn’t remark when contacted by Reuters whereas the membership and Elliott Administration didn’t instantly reply to a request for remark.
Milan have received Serie A, Italy’s prime flight league title, 18 instances however not since 2011.
The membership are prime of the desk on 68 factors with six matches remaining, although metropolis rivals Inter Milan and Napoli are simply two factors behind. Inter have performed a sport fewer.
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