Bahrain confirms Firm’s Talks to buy AC Milan for US $ 1.1 B

Bahrain’s government announced that a private equity firm based in the country is in “exclusive talks” to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor.
Three days after news of the dealings emerged, Bahrain’s embassy to Britain confirmed in a tweet on Monday that Investcorp is in discussions to buy the Serie A leader for $1.1 billion.