Financially troubled Italian football club AC Milan is the subject of two acquisition attempts, according to Italian and US media reports. The Serie A side has been in talks with a group led by former Manchester United executive Ed Woodward for several months, but it appears that they have now made an approach to one or both parties. According to PR agency Edelman, they want to make a "medium-to long-period investment" in the Serie A team. Last year, AC Milan spent more than €200m ($233m) on players' salaries, while two loans of €180m and €128m are due to be repaid in October.
Financially troubled Italian football club AC Milan is the subject of two acquisition attempts, according to Italian and US media reports. Billionaire Rocco Commisso, who owns New York Cosmos, is in talks with Milan chairman Yonghong Li, and Gazzetta reports he is ahead of the Ricketts family. According to PR agency Edelman, they want to make a "medium-to long-period investment" in the Serie A team. Last year, AC Milan spent more than €200m ($233m) on players' salaries, while two loans of €180m and €128m are due to be repaid in October.