Elliott Management Archives

Elliott to make top signing as farewell gift to AC Milan

Posted on July 22, 2022July 23, 2022 by Rossonero

Elliott have sold AC Milan to RedBird Capital but the American will not leave without a farewell gift to the club. AC Milan are in the final stages of the club ownership change. Elliott Management are bidding farewell after four years at San Siro that culminated with winning the Scudetto. American fund RedBird Capital will become the new owners of the Rossoneri club for a figure of €1.2 billion plus 500 millions in bonuses. The…

New club: Elliott may acquire AC Milan rivals

Posted on June 3, 2022June 23, 2022 by Rossonero

Elliott Management may remain in Serie A after selling AC Milan to RedBird. The Americans are reportedly interested in another club. Since yesterday the ownership of AC Milan has officially changed. The final closing will arrive around September but RedBird Capital have taken over at San Siro. The American fund will manage the club in the coming years with a new sports and financial project. RedBird Capital, led by Gerry Cardinale, has acquired the majority…

Investcorp give ultimatum to Elliott: the details

Posted on May 12, 2022May 12, 2022 by Rossonero

The Bahrain fund is not happy with the recent developments and suspects that Elliott are trying to raise the price by using other players. Talks for the sale of AC Milan have reached the final phase. Investcorp have completed the due diligence process and have offered 1.18 billion euros to acquire the Rossoneri club. The Bahrain fund expects an answer from Elliott Management and does not intend to wait for much longer. La Gazzetta dello Sport…

Yonghong Li could block the sale of AC Milan club

Posted on May 11, 2022May 11, 2022 by Rossonero

Former president Yonghong Li is taking legal actions to prevent Elliott’s expected sale of AC Milan club this summer. AC Milan may have a new owner after just four years with Elliott Management in negotiations to sell the club. Investcorp and RedBird Capital are offering close to 1.2 billion euros to takeover the Rossoneri club. Investcorp are a Bahrain fund with Mohammed Al Ardhi as executive chairman RedBird Capital are a US based investment firm…

Exclusive: AC Milan sale to Investcorp depends only on one condition

Posted on May 7, 2022May 9, 2022 by Rossonero

Investcorp are one step away from becoming the new owner of AC Milan with just one issue left to be solved with Elliott. Investcorp’s exclusive period of negotiations with Elliott Management Fund has just ended. The Bahrain fund has completed the due-diligence process and are offering 1.18 billion euros to acquire AC Milan club from the Americans. However, a new player has entered the pitch, namely RedBird Capital. RedBird, who have a 10% ownership stake…

Elliott in talks to acquire Chelsea from Abramovich: details

Posted on March 23, 2022March 23, 2022 by Rossonero

Elliott Management are collaborating with billionaire Nick Candy to acquire Chelsea football club from Roman Abramovich. Since 2018, Elliott Management Corporation is the owner of AC Milan club. The American fund acquired the Italian giants after previous president Yonghong Li defaulted on his debt. Elliott’s first undertaking in the world of football proved successful with AC Milan returning to high levels and eventually balancing their problematic budget. Now the Americans are looking to invested again…

Elliott set the budget for new striker

Posted on December 19, 2021December 20, 2021 by Rossonero

Elliott have reportedly set the budget for a new striker with Beto the most suitable name for AC Milan’s economic capacities. The long absence of Simon Kjaer has forced AC Milan to change their mercato plans and sign a new defender. Another centre back will arrive to support Alessio Romagnoli, Fikayo Tomori and Matteo Gabbia. Maldini and Massara are already working to complete the Rossoneri’s defence with Sven Botman being the number one target. Besides…

Elliott give final answer to Jucov

Posted on March 10, 2021March 10, 2021 by Rossonero

World Lab Technologies CEO Alexandr Jucov claims he wants to buy AC Milan club but Elliott Management are not and will not enter in talks with him. A few days ago, World Lab Technologies announced their interest to buy AC Milan club. Out of the blue, World Lab Technologies CEO, Alexandr Jucov, publicly revealed his intentions to become the new owner of the Rossoneri. Jucov, a businessman from Moldova, is the founder of WLT, an…

WLT issue second press release on AC Milan acquisition

Posted on March 8, 2021March 9, 2021 by Rossonero

World Lab Technologies CEO Alexandr Jucov has issued a second press release confirming the concrete interest to buy AC Milan club. “As a CEO of the World Lab Technologies, I cannot disclose the details of the letter that has been sent and already received by both Elliott (in the USA) and by Blue Skye (in Luxembourg), who owns the entire share package of the Rossoneri Sport Investment Lux. It would be inelegant because I hope we…

Elliot change idea on Ibra’s back-up

Posted on January 1, 2021January 1, 2021 by Rossonero

AC Milan owner Elliot Management does not favor the signing of a new striker in the January transfer window. The recent injuries of Zlatan Ibrahimovic have highlighted again AC Milan’s need to buy a centre forward. A new striker would be very useful to coach Stefano Pioli. Paolo Maldini has publicly said that the focus of Milan is on the forwards who are already in the team. From Ante Rebic to Rafael Leao, also passing…

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