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+--- Thread: Venting, sell the club, etc. thread (/showthread.php?tid=303)
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RE: Venting, sell the club, etc. thread - Aficio - 05-17-2022
(05-17-2022, 04:04 PM)nefremo Wrote: I think that headline is misleading. From what I read, he didn't say they will "leave the DEAL aside for now".....instead he said "at this stage it is not possible to comment and let's leave the Milan talk (converstion) on the side for the time being". At least from the couple of articles I saw. There may have been others that say differently, but I just haven't seen them. It's also important if this interview was in English or another language. Sometimes the translations and especially the context of which things were said are really hard to pin down.
In any case, one way or another, to me this only confirms negotiations and the fact that there are NDAs in and around them so therefore he didn't want to comment any further.
It will be clear after the Scudetto, IMO.
Milan actually regain the place in European football, particularly the 1st seed in CL drawing, lead to high chance of entering knockout stage... and many other good things.
Elliott have the right to request some dollars more.
Investcorp are ensured, willing to pay more.
RE: Venting, sell the club, etc. thread - Zio Fester - 05-20-2022
According to reports from Il Sole 24 Ore (via MilanNews), the American fund Elliott will sell to their compatriots RedBird Capital who have overcome the competition of Investcorp in the last few hours with an offer of €1.3bn and are now very close to signing the documents.
Based on a series of mechanisms, the fee they pay for Milan could rise to €1.8bn in subsequent years and while the financial structure has yet to be clarified, RedBird are putting €600m in equity on the table and a large loan – repayable over five years – could then be used.
The current ownership of Milan, Elliott, should still remain part of the club even if for the moment they have not released any statements.
RE: Venting, sell the club, etc. thread - Arildonardo - 05-20-2022
(05-20-2022, 09:10 AM)Zio Fester Wrote: According to reports from Il Sole 24 Ore (via MilanNews), the American fund Elliott will sell to their compatriots RedBird Capital who have overcome the competition of Investcorp in the last few hours with an offer of €1.3bn and are now very close to signing the documents.
Based on a series of mechanisms, the fee they pay for Milan could rise to €1.8bn in subsequent years and while the financial structure has yet to be clarified, RedBird are putting €600m in equity on the table and a large loan – repayable over five years – could then be used.
The current ownership of Milan, Elliott, should still remain part of the club even if for the moment they have not released any statements.
"It is expected that things could accelerate decisively in the next few hours and days."
Heard that before?
RE: Venting, sell the club, etc. thread - nefremo - 05-20-2022
(05-20-2022, 09:34 AM)Arildonardo Wrote: "It is expected that things could accelerate decisively in the next few hours and days."
Heard that before?
RE: Venting, sell the club, etc. thread - Zio Fester - 05-20-2022
According to reports from Reuters the Bahrain-based fund Investcorp have suspended their plans to buy Milan. This was reported by a source close to the negotiation who stated that, during the talks with Elliott, Investcorp ‘could not agree with them on the resolution of a certain issue’.
RE: Venting, sell the club, etc. thread - Arildonardo - 05-20-2022
"American fund RedBird Capital have surpassed the competition of Investcorp in the last few hours with an offer of €1.3bn euros and are now very close to closing the acquisition of the Rossoneri.
The Singer family – in particular Paul and Gordon who have shown their face before at game – could be present in the stands on Sunday, with the hope of celebrating a very important success in what is likely to be their last match."
RE: Venting, sell the club, etc. thread - Arildonardo - 05-20-2022
Reuters have reported that Investcorp have pulled out of the race to buy Milan, allowing Redbird to complete the takeover.
RE: Venting, sell the club, etc. thread - slifersd1 - 05-20-2022
I guess we are not going to turn into the new PSG afterall lol. American owners will want a more sustainable project instead of splashing cash around like a rapper in a club
RE: Venting, sell the club, etc. thread - ACM1899 - 05-20-2022
Uccello Rosso
RE: Venting, sell the club, etc. thread - Zio Fester - 05-20-2022
According to what is being reported by Bloomberg American hedge fund Elliott Management are set to sell to their compatriots RedBird over the Bahrain-based Investcorp for a figure of approximately €1.3bn ($1.4bn).