• Loading stock data...
Saturday, November 9, 2024
DEADLINE EXTENDED: The Best Employers in Sports survey is now open through Nov. 13 Learn More

Investcorp Reportedly Eyeing AC Milan for $1.1B

AC-Milan
AC Milan

Editors note: This story was updated on April 19 to reflect Bahrain‘s confirmation of the discussions.

Investcorp is in exclusive talks with Elliott Management to purchase Italy’s AC Milan for $1.1 billion, Bahrain’s government has confirmed.

With around $40 billion in assets under management, the Middle East’s biggest alternative asset manager includes Abu Dhabi’s sovereign fund Mubadala Investment Co. as a shareholder — the fund purchased a 20% stake in 2017. 

  • Investcorp’s goal is to have $100 billion in assets under management.
  • After nearly 40 years, the fund delisted from the Bahrain stock exchange in 2021 to boost its expansion.
  • Since 2015, Investcorp’s assets under management have more than quadrupled.

Elliot Management took over ownership of AC Milan in 2018, when previous owner Li Yonghong defaulted on debt obligations. 

Wealth Fund Wins

If Investcorp does finalize the purchase of AC Milan, the team would join a growing list of European soccer clubs purchased by sovereign wealth funds and the first top Italian team to be taken over by Middle East investors. 

Newcastle United was purchased for $421 million by Saudi Arabia’s Public Investment Fund last year, Abu Dhabi royal Sheikh Mansour bin Zayed Al Nahyan has a 77% stake in Manchester City through City Football Group, and a subsidiary of the Qatar Investment Authority is the majority owner of Paris Saint-Germain.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Lululemon-Fanatics Collab With NHL Sees ‘Explosive’ First-Day Sales

The premium collection made up 80% of all NHL merch sales.
Feb 1, 2024; Toronto, Ontario, CANADA; Team King defender Savannah Harmon (15) scores against Team Kloss goaltender Nicole Hensley (29) during the PWHL 3-on-3 Showcase during NHL All-Star Thursday at Scotiabank Arena.

PWHL Will Add Two Teams in Expansion Move

Possible new sites include Detroit, Pittsburgh, and Quebec City.

Manchester City and Premier League Both Claim Victory in Major Panel Ruling

A panel found some Premier League financial rules were “unlawful.”
Running back Kalel Mullings (20) celebrates a touchdown against USC with teammates during the second half at Michigan Stadium in Ann Arbor on Saturday, Sept. 21, 2024.

House v. NCAA Lawyers Amend Settlement to Address Concerns About Boosters and NIL

Judge Claudia Wilken had concerns about the definition of the word “booster.”
podcast thumbnail mobile
Front Office Sports Today

First College Football Playoff Rankings Mark New Era

0:00

Featured Today

Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.

Cardinals Return to DSG at Reduced Fee, but Company’s Issues Remain

The team’s revised rights deal includes a lowered fee and newly added streaming rights.
November 5, 2024

Twins At Crossroads: Team Sale, Media Shifts, and Rising Competition

Team officials look to maintain “business as usual” amid growing uncertainty.
November 6, 2024

Chiefs Eye Perfect Season, Three-Peat, and Capitalizing Off the Field

Despite injuries and an abnormally low average margin of victory, the wins keep coming for Kansas City.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 5, 2024

Sorry, Sacramento: Your MLB Team Will Only Be Known As the Athletics 

The club’s new “brand transition guidelines” remove any reference to a place.
November 3, 2024

Embiid’s Clash With Reporter Sparks NBA Probe, Concerns for Sixers

The former NBA Most Valuable Player angrily confronts and shoves a local columnist.
October 26, 2024

Las Vegas Aces Cut GM Amid Front-Office Restructuring

The 2022 and 2023 champions lost to the Liberty in the WNBA semifinals.
October 25, 2024

Inside The Wall at L.A. Clippers’ New $2B Home

FOS went inside the “contagious” energy at the L.A. Clippers’ Intuit Dome.