The State of Qatar reportedly wants to invest in Milan, despite alleged denials from Elliott Management.
According to news agency Adnkronos, Qatar has ‘accelerated’ its interest in Milan and representatives of its investment fund are ‘in talks’ to buy the club.
Furthermore, a meeting has been scheduled between both sets of leaders after the fund switched their attentions from Roma to the Rossoneri.
To circumvent UEFA rules over ownership, the Diavolo would not be managed directly by Paris Saint-Germain chief Nasser Al-Khelaifi, who is also chairman of Qatar Sports Investments.
It would also leave the state’s attempted takeover of English side Leeds United in doubt.
Elliott, meanwhile, gained control of Milan last summer after previous owner Li Yonghong defaulted on a loan he borrowed from the hedge fund.
It has spent the past year stabilising their finances, which has seen them pull of the Europa League.
However, while Adnkronos claims to have received ‘no comment’ from the club, Tuttomercatoweb and Milan News report Elliott has denied the speculation to their sources.
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