AC Milan
Luka Modric arrives in Italy to join AC Milan
At 39, Croatian midfield maestro Luka Modric is set to begin a new chapter with AC Milan after a glittering 13-year career at Real Madrid, during which he helped the Spanish club win 28 titles.
Modric landed in Italy on Monday for a medical ahead of signing a one-year contract with Milan, with an option for a second season. His move comes as Milan looks to rebuild following a disappointing series a campaign that saw the Rossoneri finish eighth and miss out on European competition.
The 2018 Ballon d’Or winner has long admired Milan, having grown up supporting the club due to his idol, fellow Croatian Zvonimir Boban, who starred for the team in the 1990s.
In May, Modric announced his departure from Madrid, where he won six European Cups, six Club World Cups, five European Super Cups, four La Liga titles, two Copas del Rey, and five Spanish Super Cups.
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Milan recently reappointed Massimiliano Allegri as head coach, replacing Sergio Conceicao. Allegri previously led Milan to a Serie A title in 2011 before winning five consecutive league titles with Juventus from 2015 to 2019.
Reports indicate Allegri consulted former Madrid and Milan coach Carlo Ancelotti about Modric’s current form before making the move. Milan’s new sporting director Igli Tare also traveled to Croatia’s training camp last month to finalize the agreement.
Although the deal was struck before the Club World Cup, Modric only became available after Madrid’s 4-0 semifinal defeat to Paris Saint-Germain in the United States — his final match for the Spanish giants.
4 months ago
Bahrain-based investors in talks to buy AC Milan
Bahrain-based private equity firm is in exclusive talks to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor, a person with knowledge of the process said.
The buyout by Investcorp could see the Serie A leader sold for around 1 billion euros ($1.1 billion), the person told The Associated Press. The person spoke on condition of anonymity because they were not authorized to discuss details of the exclusive talks which began this month.
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The U.S.-based hedge firm Elliott Management has owned Milan since 2018 after the former Chinese owner failed to repay part of a loan. Milan declined comment. Investcorp, which was founded in Bahrain in 1982, delisted from the Bahrain stock exchange last year after almost four decades as it continues its global expansion of investments.
The potential takeover comes with Milan on top of Serie A with six games remaining. Milan looks to win a first title since 2011, and a 19th overall, after a period of domestic dominance by Juventus broken by crosstown rival Inter Milan only last season.
The two Milan clubs share the San Siro stadium and they are looking to build a new stadium jointly as part of “The Cathedral” project.
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AC Milan is also looking for investment that would allow the team to return to the pinnacle of European football having not won the Champions League since 2007. The team, which features Swedish star Zlatan Ibrahimovic, went out in the group stage in December after ending a seven-season absence from the lucrative UEFA competition.
3 years ago
Juventus-Milan Cup semifinal postponed indefinitely
The Italian Cup semifinal between Juventus and AC Milan scheduled for Wednesday in Turin has been postponed indefinitely as part of measures to stop the spread of the virus outbreak in Italy.
5 years ago
AC Milan pays tribute to Kobe Bryant at San Siro match
AC Milan and its fans paid tribute to Kobe Bryant with lights and applause before and during Tuesday's Italian Cup game against Torino at the San Siro stadium.
5 years ago
Reina saves penalty as Milan wins 2-1 at Genoa
Milan, Oct 6 (AP/UNB) — Pepe Reina made up for an earlier error by saving a stoppage-time penalty as AC Milan came from behind to win 2-1 at Genoa on Saturday and snap a three-match losing streak in Serie A.
6 years ago