AC Milan investor drops Italian legal efforts to block club sale
MILAN : Blue Skye Financial Partners, who were a minority investor in Italian soccer champions AC Milan, have dropped efforts in an Italian court to try to halt the 1.2 billion euro ($1.20 billion) sale of the club, legal sources said on Tuesday.
Earlier this month U.S. private equity fund RedBird Capital Partners announced it had closed a deal to buy AC Milan from U.S. fund Elliott.
($1 = 0.9971 euros)
