Louis Vuitton reach an agreement with Elliott Management over AC Milan purchase

AC Milan have endured a difficult few years in domestic and European circuit. It has happened ever since departure of Silvio Berlusconi in 2017. After Li Yonghong defaulted on his payments, American hedge fund group - Elliott Manment - have taken over full control of club in recent times. As per recent reports, club is set to undergo furr change from a manrial point of view as popular fashion group - Louis Vuitton - are rumoured to be in line to take over from Elliott Manment.

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AC Milan news

Louis Vuitton rumoured to be edging closer towards a full takeover of AC Milan

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As per a reputed Milan journalist Luca Serafini, Elliott Manment and Louis Vuitton group – led by Bernard Arnault – have reached an agreement over sale of AC Milan. re has been intense speculation in recent months suggesting that Arnault is more than interested in buying Rossoneri from American hedge fund. Reports furr ded that Louis Vuitton's he Bernard Arnault h tabled a €975 million bid to buy Milan. He is awaiting a response to his offer. Also, fellow fashion giant Giorgio Armani h also revealed that Arnault is keen on buying Milan during an interview.

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