Bernard Arnault awaiting response after tabling €975m offer to buy AC Milan

Baku, December 28, AZERTAC

Louis Vuitton owner Bernard Arnault is awaiting a response from Elliott Management after making an offer to buy AC Milan, a report claims, according to Sempremilan

Lawyer Antonello Martinez recently stated that he has a copy of a document which proves Arnault wants to buy Milan, with the business tycoon having requested due diligence (background checks).

Meanwhile, il Sole 24 Ore reported on Monday the team’s performances on the field could mean that Elliott lower their claims and get rid of an “asset” that is becoming a burden, adding that Arnault is indeed interested in purchasing the club.

Bernard Arnault, (born March 5, 1949, Roubaix, France), French businessman best known as the chairman and CEO of the French conglomerate LVMH Moët Hennessy Louis Vuitton SA, the largest luxury-products company in the world.