A management overhaul is expected to change the face of Milan ahead of next season, similar with what happened to city rivals Inter after the takeover by Suning Holdings Group in 2016.
Bahrain-based outfit Investcorp are to finalize the acquisition of the club by the end of the month from Elliott Management, given that there no obstacles in negotiating terms on Milan’s €1.1 billion valuation.
❗ BREAKING: Investcorp are expected to complete their €1.1bn #ACMilan takeover by Friday, @sole24ore report.https://t.co/S7ZfgWnkhk #SempreMilan
— SempreMilan (@SempreMilanCom) April 25, 2022
Italian outlet Il Sole 24 Ore has relayed reports that the transfer of ownership could arrive as early as Friday after the Arab-funded investment reportedly started dealing with the final documents with Elliott and only the due diligence is left on the end of both parties to undertake.
Milan have grown leap and bounds in recent years, especially since 2018 when the current management took over reigns after Yonghong Li’s ownership ended due to a default of a loan repayment.
The off-field developments have reflected on-field too, as the Rossoneri have emerged back on top as Serie A heavyweights with only a little more time needed to do well on the UEFA Champions League part. Milan will appear in the continental competition for the second successive season after spending the majority of the past decade in the background.
The change in ownership, as indicated by La Gazzetta dello Sport (via MilanNews), is expected to welcome a 10-year-plan.
The idea is to propel Milan back as one of the top ten football clubs in the world within that timeline, not only in terms of competitive spirit in the biggest club tournaments but also from a revenue standpoint – which can be brought about by the strengthening of the Rossoneri brand.