AC Milan are close to being sold to the Bahrain-based fund Investcorp

AC Milan are close to being sold to the Bahrain-based fund Investcorp, with the deal 90% complete as per one journalist.

La Repubblica journalist Luca Pagni spoke to MilanNews about the possible sale of the Rossoneri club to the Middle Eastern fund and he begun by remarking that there have been 'no denials' and that their sources have 'provided all the confirmations' that talks are 'quite advanced'.

He also remarked that the discovery only came about because L'Equipe were analysing the links between Elliott and Lille and stumbled upon it. Pagni adds that Milan are attractive because they have 'no debts, have returned to the Champions League consistently and the stadium project is very much underway'.

It will be an operation worth 'around one billion euros' and shows that Milan have a far-reaching brand not onlyi Europe but also in China, the United States and other areas. He adds that there is a '90%' chance that it gets done.