French billionaire Bernard Arnault has the intention of taking over AC Milan at the end of this year. Italian outlet Il Giornale says the chief executive of the French fashion brand Louis Vitton is confident of completing the buyout of the Italian giants from Elliott Management over the next twelve months.
And it is believed that the Frenchman is already looking ahead towards the possible makeover at Milan. One of his biggest wishes will be to sign his countryman Kylian Mbappe. Signing the Paris Saint-Germain star would be a message to the rest of the world that the fallen Italian giants are back on their way to the top of European football.
And that is not it, with Arnault wanting to attract Pep Guardiola as his new manager. The Spaniard has never made it a secret he wanted to manage an Italian club after he played for AS Roma and Brescia as a player. Guardiola’s contract at Manchester City will run out in 2021 and Arnault is already working on bringing the coach to Milan once that happens.
The 71-year-old Arnault is regarded as one of the richest men in the world with an estimated worth of €100 billion. Elliot management took a majority share in AC Milan in 2018 from owner Li Yonghong. Later on it was announced that billionaire Paul Singer had invested €50m into the club to stabilize the finances in the club.