{"id":20434,"date":"2022-05-20T13:21:38","date_gmt":"2022-05-20T13:21:38","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/source-investcorp-suspend-talks-in-milan-bid-race"},"modified":"2022-05-20T13:21:38","modified_gmt":"2022-05-20T13:21:38","slug":"source-investcorp-suspend-talks-in-milan-bid-race","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/source-investcorp-suspend-talks-in-milan-bid-race","title":{"rendered":"Source: Investcorp suspend talks in Milan bid race"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Bahrain-domiciled asset manager Investcorp has put on hold its plans to purchase Italian football club AC Milan, a source with knowledge of the talks told Reuters on Friday.<\/p>\n

The source said that in talks with Milan’s owners, U.S. fund Elliott, Investcorp “couldn’t agree with them on the resolution of a certain matter.”<\/p>\n

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The source declined to say what had been the stumbling block in the talks, which have been underway for over a month.<\/p>\n

Italian newspaper Il Sole 24 Ore reported on Friday that investment firm RedBird was nearing a deal for seven times European champions Milan worth about \u20ac1.3 billion ($1.4 bn).<\/p>\n

That figure could rise as high as \u20ac1.8 bn over the coming years based on a series of targets, the report added.<\/p>\n

Spokespeople for Elliott and RedBird declined to comment.<\/p>\n

RedBird is already an investor in Fenway Sports Group, the owner of Premier League giants Liverpool and the Boston Red Sox baseball team. RedBird also has a controlling stake in French club Toulouse.<\/p>\n

Investcorp had been in exclusive negotiations with Elliott on a deal last month but failed to reach an agreement, allowing RedBird to enter the fray.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Bahrain-domiciled asset manager Investcorp has put on hold its plans to purchase Italian football club AC Milan, a source with knowledge of the talks told Reuters on Friday. 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Bahrain-domiciled asset manager Investcorp has put on hold its plans to purchase Italian football club AC Milan, a source with knowledge of the talks told Reuters on Friday. 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