Investcorp – they trumped Donald and now they’re bringing Arab wealth to Serie A
Alamy
Bahraini domiciled fund Investcorp are set to take over 7 times European Champions Milan in a €1.18 billion deal in coming days
The company made a name for itself in the 1980s and 1990s by taking stakes in luxury goods groups Gucci and Tiffany, which it bought from under the nose of Donald Trump, and has $34 billion assets under management
Why it matters: Milan are in pole position for a first Scudetto in a decade and the deal – which may reap a 20 per cent margin for outgoing owner Elliott – would represent completion of the club’s resurrection under the US owners
The perspective: In 2017 Abu Dhabi based Mubadala Investment Company took a 20 per cent stake in Investcorp. Mubadala’s CEO is Khaldoon Al Mubarak – also Man City chairman
28 April 2022 - 4:58 PM
Before Abu Dhabi bought Manchester City, before the Qataris bought Malaga and then PSG, long long before the Saudi sovereign wealth fund PIF had even been heard of in football never mind as owners of Newcastle, Arab wealth had found its way into Italian football club ownership
In 2001, the Libyan Arab Foreign Investment Company – the country’s sovereign wealth fund or, depending on your perspective, the personal account of its dictatorial ruling family, the Gadaffis – took a 5.3 per
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