World's Second-Richest Man 'Set To Launch Stunning £890 Million AC Milan Takeover Bid'
The world's second richest man is said to be preparing a mammoth £890 million takeover bid for Italian giants AC Milan.
Bernard Arnault, who owns famed fashion brand Louis Vuitton and champagne company Dom Perignon along with 68 other brands, is keen on acquiring a football club and has identified the Rossoneri as a leading contender according to Rome newspaper Il Messaggero.
The Frenchman, worth an estimated £86 billion as per the Forbes rich-list published in July, sees serious potential at Milan and has plans to make major investments in regards to transfer funds, the academy and sponsorship deals if he is able to purchase the club.
Elliot Management have been the current owners since 2017 and are believed to have no interest in selling the club - even turning down offers upwards of £500 million in recent times.
Breaking: Louis #Vuitton owner Bernard Arnault is interested in purchasing #SerieA club AC #Milan as reports claim he's preparing $1.1 Billion bid for Milan. Arnault, French Entrepreneur has an estimated $94.6 Billion in assets. Thoughts ? (SOURCE: II Messaggero)- TheFootballAddicts (@TheFootballAdd1) September 16, 2019
Le français Bernard #Arnault serait prêt à faire une offre de plus d'1 milliard d'euros à #Elliott pour acquérir #Milan.- AC Milan Actu FRA :flag_fr: (@FrMilanActu) September 15, 2019
Le grand patron du groupe LVMH, est la 2ème plus grande fortune au monde. Celle-ci est estimée à plus de 90 milliards d'euros.
All Milan players to receive this car when Bernard Arnault buys the club pic.twitter.com/vSBr5d3gXb- Mark Galliani (@ACMaruk) September 16, 2019
Milan have been something of a sleeping giant in recent years, where they have been absent from the Champions League after underperforming domestically.
Along with cross-city rivals Inter, the club have plans to knock down the famous San Siro stadium and move into a modern 60,000 capacity stadium situated right next to the site of the old, legendary one.