Redbird Capital to buy Italys AC Milan for a reported €12 bi

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Redbird Capital to buy Italys AC Milan for a reported €1.2 billion

Redbird Capital to buy Italys AC Milan for a reported €1.2 billion

The new Italian football champions AC Milan have a new owner after RedBird Capital Partners bought a controlling stake in the club for a reported €1.2 billion

AC Milan players celebrate their 2021-22 Serie A title triumph Photo Credit: AFP

The new Italian football champions AC Milan have a new owner after RedBird Capital Partners bought a controlling stake in the club for a reported €1.2 billion

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 ownersElliott Advisors UK Limited 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 havejust won the Italian Serie A league titlefor the first time in 11 years.

Elliotts Letter of Gratitude to AC Milan