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RedBird Capital Partners has agreed a 1.2 billion euro ($1.3 billion) deal to buy Italian soccer champions AC Milan, the club said on Wednesday, while current owners Elliott will retain a minority investment. The transition to new ownership will take place over the summer, with an expected closing of the deal no later than September, the club statement added.
Red Bird Capital, the American investment firm with a minority stake in Liverpool, has agreed a deal in principle to become the new majority owner of AC Milan in a deal expected to be the second most expensive purchase of a football club in history.
ROME: AC Milan said on Wednesday (Jun 1) that its current owners, investment fund Elliott Management, have agreed to sell the newly crowned Serie A champions to rival fund RedBird for €1.2 billion (US$1.3 billion).
U.S. investment firm RedBird have agreed a €1.2 billion deal to buy Serie A champions AC Milan from hedge fund Elliott, the club confirmed on Wednesday.
Manchester City are keen on signing Rafael Leao from AC Milan amid uncertainty over his future, according to Foot Mercato journalist Santi Aouna.
The U.S. investment firm RedBird has bought Serie A champions AC Milan from the U.S. fund Elliott after a deal was reached in the last few days, ANSA https://www.ansa.it/english/news/sports/2022/05/31/soccer-redbird-buys-ac-milan_5cda92bc-40f0-4844-a6e3-4b37fc750551.html reported on Tuesday.
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