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It was an extremely busy Easter Sunday, as never happened in recent years. Milan is very close to the transfer of ownership from the Elliott fund (which should always be thanked for what it has done) to InvestCorp, a Bahraini fund that has Mubadala behind it, not the latest arrivals. It is only fair to clarify what is happening, because in the sea of partial information, granite certainties are needed.
Let's start with the first backstory, which is the one that kicks it all off: a month ago, Investcorp got in touch with Elliott for the acquisition of AC Milan, which is part of a very important, almost aggressive investment policy on the part of Middle-Eastern funds. At the valuation of 1.1 billion (a record for Italian football), Investcorp says ok, without certainties about the stadium, and opens the negotiation table with Elliott and the signing of an exclusive contract that will expire at the end of the month. But the due diligence, which is underway, is giving great results. Basically, as a friend told me on the phone, Investcorp is getting a turnkey Lamborghini. You will be pleased to know that in the same weeks that Investcorp decided to sit down with Elliott, another Arab fund also approached Inter with Suning reportedly making a valuation of 1 billion. At this request, this fund - to date still anonymous - has abandoned the negotiations because Milan is a saleable company given its path of corporate recovery and accounts, Inter instead is burdened by major debts, bonds to be restored and a disposal campaign that next summer should yield at least 100 million euros.
Also on the subject of the stadium, it should be noted that Milan has pushed harder than Inter to do so, and the reason is simple: the Rossoneri, whether it is Elliott or Investcorp, have the money to build the stadium while the other side hesitates. These are not inferences, but facts. The possibility that Investcorp will decide to build the stadium on its own cannot be ruled out, given the lengthy public debate on the new San Siro, which will end in October.
What should we expect from Investcorp? Certainly a slightly more aggressive phase than Elliott on the market, because it is the very nature of the two funds that differentiates their work. The Arabs deal, principally, with private equity while Elliott has as its core business that of restructuring companies and reselling it making a profit. The Singer family's fund has done an enormous job with AC Milan, bringing it back to being a company capable of standing on its own two feet, so much so that in the last 18 months it has made no capital contributions. The fact that at the end of 2021, right in Bahrain, an idea for the expansion of sport in the Middle Eastern world was born, should make us rethink and understand what Milan is about to end up in, that is a project of impressive economic power.
The management board, at least on the sporting side, should be confirmed with Paolo Maldini who has an important specific weight, both as director of the sporting area and as a Milanese icon in the Arab world. And then, and this is no small thing, there is the construction of a summer market that Maldini and Massara could carry out more aggressively if they had more resources. The future of Ivan Gazidis, a great professional and author of the rebirth of the Rossoneri company, is still to be understood.
What emerges from the Emirates is that Investcorp wants to win and wants to bring Milan back to the dimension of strength that belongs to it, but still following the path traced by Elliott in terms of sustainability. Therefore, it is ok to make important investments, but it would be wrong - as of today - to think of Milan as the third sister of PSG and Manchester City.
numbers are numbers. No one will giftbzs players. Pay them or walk away. No one knows whats gonna happen. But I would be very happy with Milan having its own stadium! A 70 000 stafium for us is a must!
Imagine we have new daddies, who bring us Antony, Gouiri, Botman, Sanches and a few exciting kids from Moncada this summer, confirm that they will build our own stadium in near future while merda are forced to sell 2 starters 
