Soccer-Investcorp in exclusive talks to buy AC Milan - sources

FILE PHOTO: The soccer boots of AC Milan's David Beckham are seen during their Italian Serie A soccer match against Fiorentina at San Siro stadium in Milan January 17, 2009. REUTERS/Stefano Rellandini

MANCHESTER (Reuters) -Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, sources said on Friday, in what would be the first takeover of a top Italian team by Middle East investors.

One source close to the talks told Reuters the deal to buy the seven-times European champions from current owner Elliott Management Corporation was near to completion.