Investcorp and the '€300-400m mercato' illusion for Milan [Bonus article]

Does Investcorp sound familiar to you? If it does, that’s not exactly surprising. The Bahrain-based fund was very interested in buying AC Milan from Elliott Management and went head-to-head with RedBird. In the end the American-based fund came out on top, but what if Investcorp had prevailed?

Before going any further, let’s make one thing clear: when speaking about what could have been, a lot of speculation is involved. Of course, there is actual information available to make a realistic projection, but we cannot say for sure that this is how it would have been.

Anyway, the offer made by Investcorp (as then revealed by Il Sole 24 Ore) gives us plenty of information to understand what their ownership could have looked like. But it also gives us a good understanding of why Elliott preferred to sell to RedBird instead, which hasn’t always been highlighted in the media.

In fact, with RedBird opting for sustainability and not spending crazy amounts on the market, fans have been focusing on the alleged ‘€300-400m promise’ made by Investcorp. That is, they would have invested that much money on the mercato in order to bolster the Rossoneri squad.