MOSCOW, May 4. Italian football club AC Milan may be sold to new owners for 1.2 billion euros, according to calciomercato.com, citing Il Sole 24 Ore. According to the publication, 800 million euros will be paid by Bahrain-based company Investcorp, another 400 million will come from other funding sources, including a group of banks that includes Goldman Sachs and JPMorgan Chase. The €1.2bn cost is based on three factors: €400m for Milan's new stadium project, €400m for staffing and commercial purposes, and €400m for other expenses and club turnover. The deal is expected to close in the coming weeks. AC Milan is owned by American hedge fund Elliott Management, which acquired the team in 2018 after previous owner Li Yonghong failed to repay a €32 million debt owed to the fund.» Milan «is an 18-time Italian champion, a five-time winner of the Italian Cup and a seven-time winner of the Italian Super Cup. The Italian club has also won the Champions League seven times. This season of the championship of Italy «Milan» takes first place in the standings.
