AC Milan have sold Casa Milan to a real estate company less than a year after Elliott Management decided to buy the property, according toa report.
As Calcio e Finanza reports, Sector One of the Inarcassa RE Fund – a real estate fund managed by Fabrica SGR and fully subscribed by Inarcassa (National Insurance and Assistance Fund for Freelance Engineers and Architects) – acquired Casa Milan from the Rossoneri.
The building houses the Mondo Milan Museum, the Milan Store, the ticket office and Casa Milan Bistrot and was purchased from Vittoria Assicurazioni for ‘a consideration of €41,919,000’ which was well below the actual price market value of the property.
That is why during 2021 Milan evaluated various opportunities, up to striking an agreement with the Inarcassa RE Fund. The sale translates into an important financial contribution, equal to about €20m, as per the report.
The club’s headquarters will continue to be housed in the building and the Mondo Milan Museum, Milan Store, ticket office and Casa Milan Bistrot will obviously remain open, while Milan plan on continuing to invest in the building as seen in the recent Milan Media House project.
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Maybe we can use that 20m to buy one of Botman, Faivre or Kamara in January lol
This just proves what I have stated before, Elliott is in no means looking at success on the pitch or anything, all they want to do is make a quick buck. The club needs to be sold ASAP.
This is the most stupid comment ever. Elliott have put over 500mil into AC Milan. They’ve always said it was an investment but they aren’t doing it to make a quick buck. They’re building a sustainable project and will keep the club for as long as necessary. You probably haven’t contributed that much and never will.
Elliot got Milan for peanuts, thanx to Chinesse guy. Elliot has no interest to invest in Milan. They will wait for some good result, and try to sell and make money for themself.
@Ed3lm4n…..he has his opinion u can dispute but not to insult….we are all one and must constructively criticize irrespective of our diversity in opinions
Elliot got Milan for peanuts, thanx to Chinesse guy. They did not invest 500M. Elliot has no interest to invest in Milan. They will wait for some good result, and try to sell and make money for themself.