Milan for sale? Elliott fixes the price and Vuitton thinks about it

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LATEST NEWS MILAN – According to what was reported this morning by "Il Giorno" the fund Elliott, main shareholder of Milan, would like to speed up the construction of the new stadium, thus favoring the sale of the Rossoneri company at advantageous conditions.

In recent months rumors and rumors have led to all in one direction: the seventy year old Bernard Arnault, owner of the group Lvmh-Louis Vuitton (the largest global luxury center, with 70 brands), seriously interested in buying Milan. There is not yet an offer, but there is a request from Elliott, quantifiable in one billion two hundred million euros. And probably destined to fall (950 million?) After the last, very heavy reds in the balance sheet (-156 million at 30 June 2019).

Since July the rumors have become increasingly insistent. Not only would Arnault want to take over Milan by the summer of 2020, but has long since entrusted to Lazard, a London investment bank, the role of advisor. Between August and September the negotiation was started, then there were delays, and not only for the question of the price but also for the control of some budget items. From Parisian environments, however, the will of Arnault to land in Milan and enter the world of football. And the stadium could help everyone … Here are the latest >>>

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https://www.pianetamilan.it/rassegna/milan-in-vendita-elliott-fissa-il-prezzo-e-vuitton-ci-pensa/

Dmca

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