April 13, 2024

Giornale: ‘Milan Arab derby’ – Middle Eastern groups eye investment in Milan and Inter

 

Today’s edition of Il Giornale talks about the ‘Milan Arab derby’ involving AC Milan and Inter, with both clubs looking to secure investment from the Middle East.

 

The paper (via MilanNews) claims that there are Arab groups looking at both Milan clubs and sensing the opportunity to make an investment. For Milan, in the last few hours the name of Investcorp has reappeared after Gerry Cardinale ‘s trip to the Persian Gulf.

 

He is apparently looking for new financiers, even if the rumours of a meeting with Investcorp were denied yesterday. As for Inter, the €350m Oaktree loan expires in May and a Qatari bank ‘rejected’ by Manchester United have appeared.

 

At the moment RedBird is only looking for capital to strengthen itself and not a person to sell Milan to. Before looking for a seller, the American fund wants to close the issue of the construction of the new Milan-owned stadium.

Furthermore, it is not the first time that Investcorp have been linked to Milan: before closing the deal with RedBird, Elliott Management had also had numerous talks with the Bahraini fund.

 

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