MANCHESTER, April 15 — Asset manager Investcorp has entered into exclusive talks to purchase Italian club AC Milan, a source close to the deal told Reuters today.
Investcorp, which is domiciled in Bahrain and has offices globally, is an asset manager with lines of business including private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. It manages over $42 billion in assets.Investcorp and Elliott would not comment when contacted by Reuters.
Milan have won Serie A, Italy's top flight league title, 18 times but not since 2011 — the club are currently top of the table. Middle Eastern investors have taken control of several top European clubs with Qatari Sports Investments owning Paris St Germain and Manchester City controlled by the Abu Dhabi United Group.
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