Prospective AC Milan buyer Rocco Commisso says the Italian club’s ownership is “not willing to conclude a deal on acceptable terms in a timely manner.”
In the U.S. billionaire’s first public statement about his widely reported talks to take over Milan, Commisso confirmed his interest in buying the Italian giants but suggested he was ready to walk away after failing to reach a deal.
“As numerous press reports and social media accounts have publicly suggested, Rocco B. Commisso has been negotiating to purchase a controlling interest in AC Milan,” Commisso’s statement said. “Many of those reports and accounts have contained statements about Mr. Commisso and the negotiations that come from unspecified sources and have not usually been accurate. Until now, Mr. Commisso’s team has refrained from making public statements about the status or substance of the negotiations in order to preserve an atmosphere conducive to concluding a deal. However, Mr. Commisso believes that the time is right to let the millions of AC Milan fans know exactly where things stand.
“Mr. Commisso has worked tirelessly with the assistance of his advisors to formulate and negotiate a transaction beneficial to this historic club, its loyal fans, the current ownership and the community of Milan. Despite his best efforts and genuine belief that an agreement had recently been reached, it appears that current ownership is not willing to conclude a deal on acceptable terms in a timely manner.
“Given Mr. Commisso’s passion for the game of soccer and ties to his native Italy, this is an extremely unfortunate situation for him personally. However, he hopes the end result of this process leads to a stable and successful future for this iconic club.”
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