Bahrain Mirror: It seems that the negotiations of Investcorp, a Bahrain-based asset management company, to buy AC Milan will not end with the desired success.

According to reports from Reuters, the Bahrain-based fund Investcorp have suspended their plans to buy Milan.

The Italian (Il Sole 24 Ore) newspaper reported that negotiations had stalled despite an agreement by Milan's current owner Elliot Management to sell the club for €1.5 billion. 

The main obstacle that played a role in negotiations stalling is related to Investcorp's financing formula to buy Milan, as it will depend on loans of €400 million, in addition to €800 million of equity, which Elliott does not want to influence the club, the Italian newspaper stated. 

Italian media outlets reported that investment firm RedBird was nearing a deal for AC Milan worth about €1.3 billion. That figure could rise as high as €1.8 billion over the coming years.

According to negotiations between RedBird and Elliott, the U.S. Investment Fund is expected to remain an investor in the club, as it will own several stakes in it even after its sale.

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