MILAN—Bahrain’s government announced that a private equity firm based in the country is in “exclusive talks” to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor. Three days after news of the dealings emerged, Bahrain’s embassy to Britain confirmed in a tweet on Monday that Investcorp is in discussions to buy the Serie A leader for $1.1 billion. The U.S.-based hedge firm Elliott Management has owned Milan since 2018 after the former Chinese owner failed to repay part of a loan. Former Italian premier Silvio Berlusconi controlled Milan for more than 30 years before selling to the Chinese group in 2017. ...
Source: https://www.theepochtimes.com/bahrain-c ... 11717.html
Bahrain Confirms Firm’s Talks to Buy AC Milan for $1.1 Billion
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Bahrain Confirms Firm’s Talks to Buy AC Milan for $1.1 Billion
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