MilanNews.it
Speaking at Sky Sport, Peppe di Stefano took stock of the negotiation between Elliott and Investcorp: “We understand that the negotiation is in progress. We are talking about a fund from the Middle East, it is not an Arab owner. Let’s give some details: negotiation in progress between the due diligence, which lasts 4 weeks. Two weeks have gone, it will take another two weeks to have an outcome. or to Sesto. The Investcorp fund works on two branches: in Private Equity and real estate, so they would do a lot for the stadium issue. It is an Arab fund, not a single Arab owner: this means that they will not make crazy expenses, but they will follow the line by Eliott. What did Elliott do? He re-evaluated the brand, he re-evaluated the technical project, but above all he put the accounts in order. Why would Investcorp enter football? Because he has always done so many things, but why the management of Elliott n he last few years has been fantastic. Let’s think deeply: I have always thought that I have to put money in football, I never take it. But Elliott has shown that in four years you can restore your balance sheet, you can relaunch technical projects and you can even sell Milan for more than you bought it: from 700 million it would go to 1.1 billion and this means making a capital gain and having worked. Well. That is why Investcorp would be working well with the lawyers of both sides: the outcome of the transaction I believe will arrive by the end of April and the beginning of May, but it is well directed. The figure should be that, which is around 1.1 billion. Milan belongs to a fund, it is not for sale. A fund, as a fund, has an obligation to listen to offers because it works for that, it represents other people’s money. The revaluation of the brand, the technical project and the almost total consolidation of the accounts in four years, with two pandemics, have pushed someone to follow the Milan world with particular attention, and if that someone is a fund you understand that they think the same way “.
