Elliot and Investcorp

Milan’s takeover is said to be edging closer, with progress having been made smoothly in the deal.

Corriere della Sera claim today that negotiations between Elliot and Investcorp are progressing well and the buyers, who are ready to spend €1.1 billion, are making due diligence to go through all the relevant processes.

The closure of the deal, claims the report, is edging closer and closer. The well-known newspaper explains that, once this phase of analysis of the AC Milan financial accounts has been completed, the sale should be defined. That could happen by Friday but in all likelihood, it could take a few more days.

Many knots have beeen dissolved, it is said. And the deal will be done and announced by the end of the season so that Stefano Pioli’s men concentrate on the campaign at hand.

Investcorp aim to make the Rossoneri more competitive on and off the pitch, while bringing them closer to the other European giants.

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