Multiple reports in Italy claim that Abu Dhabi state-owned holding company Mubadala is involved in Milan‘s takeover along with Investcorp. The Bahrain-based fund is in exclusive talks with Elliott over a €1.18 billion deal which could be finalised by the end of the month and be announced at the end of the season. La Gazzetta dello Sport and Tuttomercatoweb report that Mubadala is also involved in the deal. The Abu Dhabi state-owned holding company has a 20% stake in Investcorp and its CEO Khaldun al-Mubarak, is the President of Manchester City.
Mubadala has $243 billion assets under management and, according to Tuttomercatoweb, is pushing to finalise the deal with Investcorp. The exclusivity period in negotiations between Investcorp and Elliott ends at the end of the month and according to multiple sources, the two parties are close to reaching an agreement. If the Bahrain-based fund completes the club’s takeover, the Rossoneri could have a transfer budget of €300m for the summer of 2022.