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Investcorp ‘closing in’ on AC Milan takeover

Olivier Giroud of AC Milan celebrates scoring during the Serie A match against SS Lazio on April 24, 2022 (by Marco Rosi - SS Lazio/Getty Images)

Bahrain-based asset manager Investcorp could become the first Middle Eastern owner of an Italian Serie A football club through sealing a takeover of AC Milan by the end of this week, according to multiple reports.

Both the Reuters news agency and Italian newspaper Il Sole 24 Ore said a deal could be concluded on Friday, when an exclusive negotiations window with Milan’s current owner, US investment management group Elliott Management, expires.

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