Investcorp out of running to buy AC Milan

After six months of talks, Investcorp is out of the running to buy AC Milan from Elliott Management. This leaves rival bidder RedBird as the main contender. The reason behind the collapse of the talks remains unclear. However, RedBird has apparently made a superior offer.

Any deal would be announced after this weekend's title decider. RedBird holds a minority stake in John Henry's Fenway Sports Group, but this would be their highest profile investment in a sports club.

The club is back in Deloitte Football Money League rankings in 19th place for the first time since 2017-18. Revenues were €216m in the 2020-21 season.

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The Political Economy of Football V2

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