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Reuters exclusively reported that Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-time European champions from current owner Elliott Management Corporation was near to completion. A potential valuation for the club would be in the region of one billion euros including debt.
The post Reuters reveals AC Milan is the target of sale talks with Bahrain-based Investcorp appeared first on Reuters News Agency.