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MILAN: Investment group RedBird Capital Partners is in talks with the owners of Italian soccer club AC Milan about a possible deal, emerging as a rival to Bahrain-domiciled fund Investcorp, a source with knowledge of the matter said on Thursday.
MILAN : Investment group RedBird Capital Partners is in talks with the owners of Italian soccer club AC Milan about a possible deal, emerging as a rival to Bahrain-domiciled fund Investcorp, a source with knowledge of the matter said on Thursday.
The election of Matt Kenseth as a first-ballot NASCAR Hall of Famer should be assured because he is one of the greatest winners of his generation.
Blackburn Rovers boss Tony Mowbray has revealed he will spend some time with his family before he decides to get back into the managerial game, speaking to Lancs Live after his side’s loss to AFC Bournemouth.
If Liverpool are to stumble in their pursuit of Manchester City then it would not be completely surprising if it came at St James’ Park. Eddie Howe – with the help of a considerable amount of money – has transformed Newcastle from relegation fodder to the Premier League’s most upwardly mobile team. Four wins on the spin has lifted them to ninth and they are an even tougher proposition at home where they have won their past six. That is unlikely to prove too daunting for a Liverpool side boosted by the news of Jürgen Klopp’s contract extension and who have won 13 of their past 14 in the league – the only blip a 2-2 draw with City – while going unbeaten since 28 December. Stephen Hollis
The John Smith’s Stadium will host an England under-21 international this summer as Lee Carsley’s side face a crucial Euros qualification game.
Tim Neave brought Yamaha’s long wait for a victory in the Pirelli National Superstock Championship to an end at Silverstone at the weekend with not one but two wins on the Edwards 1902 Yamaha.
MANCHESTER: 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. A potential valuation for the club would be in the region of 1 billion euros ($1.08 billion) including debt, the sources said. Investcorp manages over $42 billion in assets with business lines including private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. Investcorp and Elliott, which took over Milan in 2018, would not comment when contacted by Reuters. An AC Milan spokesperson said only that “AC Milan remains focused on improving its performance on the pitch and to develop the club.” A second source briefed with the matter confirmed talks between Elliott and Investcorp over a potential sale. Milan have won Italy’s top flight league title 18 times but not since 2011. The club has struggled to recreate the glory years enjoyed under the ownership of Silvio Berlusconi and his Fininvest group.