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

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

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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 Management and the Louis Vuitton group – led by Bernard Arnault – have reached an agreement over the sale of AC Milan. There has been intense speculation in recent months suggesting that Arnault is more than interested in buying the Rossoneri from the American hedge fund. Reports further added that Louis Vuitton's head Bernard Arnault had tabled a €975 million bid to buy Milan. He is awaiting a response to his offer. Also, fellow fashion giant Giorgio Armani had also revealed that Arnault is keen on buying Milan during an interview.

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