Protecting the rights and interests of customers is our eternal mission!
U.S. investment firm Redbird buys Italian champions AC Milan
U.S. investment firm RedBird Capital Partners has agreed a 1.2 billion euro deal to buy Italian football champions AC Milan, the club said on Wednesday, while current owners Elliott will retain a minority investment.
AC Milan celebrates Girouds goal against Sassuolo.- REUTERS
U.S. investment firm RedBird Capital Partners has agreed a 1.2 billion euro ($1.3 billion) deal to buy Italian football 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.
Milan have just won the Italian Serie A league title for the first time in 11 years.
UEFA starting to gather evidence for Champions League probe
We are honoured to be a part of AC Milans illustrious history and are excited to play a role in the clubs next chapter as it returns to its rightful place at the very top of Italian, European and world football, RedBird founder and managing partner Gerry Cardinale said in a statement.
RedBird is already an investor in Fenway Sports Group, the owner of Liverpool FC and the Boston Red Sox baseball team. RedBird also has a controlling stake in French football club Toulouse.
RedBirds investment philosophy and track record in team ownership has shown that football clubs can be successful on the pitch and sustainable off it, Cardinale added.
For more updates, follow Sportstar on :
IPL 2022 recap: Hardiks comeback era, Indias pace lottery and Gujarats debut bliss
Ranji Trophy LIVE Score Semifinals, Day 1: Bengal picks Patidar, MP three down; Jaiswal, Parkar lead Mumbai to lunch
Neeraj Chopra hits javelin home turf tonight, celeb duties on the back burner
Has India qualified for the AFC Asian Cup 2023?
Sindhu, Praneeth bow out of Indonesia Open
Australia vs Peru: All you need to know about the FIFA World Cup intercontinental playoffs, streaming info
FIFA World Cup Qualifiers: Australia and Peru eye Qatar 2022 spot in intercontinental playoff
Cristiano Ronaldo to miss Portugals UEFA Nations League trip to Switzerland
Countries that have failed to qualify for FIFA World Cup 2022 in Qatar?
Table Tennis: CoA decision to appoint S. Raman as India coach for CWG under scrutiny
FIFA World Cup Qatar 2022: Full schedule after final draw, groups, venues, fixtures and timings in IST
BCCI announces raise in monthly pension for former cricketers
India vs South Africa 3rd T20I Prediction: IND vs SA Dream11 Fantasy Team, Predicted XI, Squads
Cricket roundup: Brendon McCullum appointed head coach of Englands Test team
Danni Wyatt: CWG may help get more women playing cricket
ENG vs NZ 2nd Test Day 4: New Zealand throws away wickets to give England hope
Chennaiyin FC ropes in Thomas Brdaric as head coach
India qualifies for AFC Asian Cup 2023
New Zealand coach expects a bit of a war against Costa Rica
From playing with a rag-ball to leading SSB, Dular dreams of India spot after IWL success
IPL media rights auction: BCCI assured minimum revenue of Rs 45,950 crore on day 2; Focus shifts to final day
IPL media rights auction: TV rights bid at Rs. 57 crore, digital package at Rs. 48 crore after Day 1
IPL media rights auction: Bidders list, timings, schedule, purse details; TV, OTT bidding contenders
What went wrong for CSK and MI in IPL 2022? - Analysis