Bahrain Confirms Firm’s Talks to Buy AC Milan for $1.1 Billion

Bahrain Confirms Firm’s Talks to Buy AC Milan for $1.1 Billion
AC Milan players celebrate at the end of the Serie A soccer match between AC Milan and Genoa, at the San Siro stadium in Milan, Italy on April 15, 2022. Luca Bruno/AP Photo
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MILAN—Bahrain’s government announced that a private equity firm based in the country is in “exclusive talks” to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor.

Three days after news of the dealings emerged, Bahrain’s embassy to Britain confirmed in a tweet on Monday that Investcorp is in discussions to buy the Serie A leader for $1.1 billion.