Antoine Arnault wants to “end speculation” his family’s luxury brand business LVMH is in talks to purchase AC Milan for €960m.
The latest reports emerged in La Repubblica newspaper this morning, suggesting a deal could be done with Elliott Management by the end of 2019.
“Dear AC Milan fans,” wrote Arnault on Instagram.
“I want to write this message to put an end to all rumors concerning the interest of my family, or the LVMH group, into buying the AC Milan.
“We have the utmost respect for your beautiful club, its values, its fantastic history, but have never been in contact with anyone from the club, and have never been interested in investing or acquiring it.
“We do not know where this strong rumor has come from, but it has no foundations whatsoever.
“We wish all the best to the AC Milan this season and the next ones. Thank you.”
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