Elliott plot sale of Milan; the figures
According to what has been reported by La Repubblica, Elliott are in talks with Bernard Arnault, owner of the LVMH luxury fashion group, over a possible sale. The originally discussed figure was 1.2 billion but the number has now reportedly dropped to 960m euros.
Negotiations have reportedly slowed down for the meantime but there is still confidence that a sale could go over the line by the end of the calendar year. There are a number of high profile advisors concerned with LVMH's takeover of Milan and this is, in part, responsible for the slowdown in talks.
With this, the potential new management would like to bring in former head coach Massimiliano Allegri at the helm of the club, just months after he left his role in charge of Juventus.
For more news, views and features, visit our homepage.