RedBird swoops on AC Milan in €1.2 billion deal

Added at:
Source: Serie A
another languages: uk ru

U.S. investment firm RedBird Capital Partners has agreed a 1.2 billion euro deal to buy Italian soccer champions AC Milan.

RedBird Capital Partners ("RedBird") and Elliott Advisors UK Limited ("Elliott") today announced that they have entered into a definitive agreement for RedBird to acquire Associazione Calcio Milan, newly crowned Champions of Serie A. The transition to new ownership will take place over the summer, with an expected closing no later than September 2022.

The deal, which values the club at €1.2B, will see Elliott retain a minority financial interest in the club and seats on the Board of Directors, solidifying a partnership between RedBird and Elliott that continues the progress made under Elliott's stewardship over the last four years.

According to AC Milan website, RedBird's priority is to work with the Club's title-winning sporting and club management team to continue Milan's journey back to the summit of world football. A combination of a successful team on the pitch, Milan's player development and acquisition expertise, a world-class commercial operation, and RedBird's experience in operating and building global sports businesses, will ensure that the next chapter in Milan's storied history will take the Rossoneri to even greater heights.

another languages: uk ru

Sport NewsRSS - Sport News - Terrikon

02 June

18:44
Leopold Querfeld Stuns Bundesliga Stars to Win 2024/25 Goal of the Season
18:20
Maurizio Sarri Returns to Lazio - 15 Months After His Last Cigarette in Rome
17:34
Antoine Griezmann Commits to Atlético Madrid Until 2027
16:25
Hansi Flick Named La Liga Manager of the Season
11:26
Al Nassr Attempting Shock Move to Re-Sign Cristiano Ronaldo
10:45
Tottenham Considering Sacking Ange Postecoglou Despite Europa League Glory
09:22
Messi Reignites Talks Over Saudi Pro League Move

01 June

19:59
UEFA Champions League Team of the Season 2024/25 Revealed
19:42
Ousmane Dembélé Named 2024/25 UEFA Champions League Player of the Season
19:31
Official: Gian Piero Gasperini Departs Atalanta After Historic Spell
18:58
Two Dead, Hundreds Arrested in Chaos After PSG’s Champions League Triumph
18:43
New Opportunity for Lunin as Courtois Diagnosed with Sacroiliitis
18:27
Ukrainian Premier League 2025/26: Complete Team List Finalized
18:10
Oscar Piastri Dominates in Spain, Verstappen Caught in Controversy
16:38
Official: Matheus Cunha Becomes Manchester United’s First Summer Signing
12:57
Tottenham Set to Face PSG in 2025 UEFA Super Cup
10:12
LAFC Secure Final Spot at 2025 Club World Cup with Dramatic Playoff Victory
09:49
Champions League Final Makes History with Two Teenage Goalscorers
09:15
Mbappé Congratulates PSG on Historic Champions League Triumph
08:48
Inzaghi: “We Gave Everything Across 58 Games, But No Trophies to Show”
08:31
Indiana Pacers Advance to NBA Finals for First Time Since 2000
08:00
PSG Clinch Historic Treble with Champions League Triumph
01:08
Desire Doué Makes Champions League Final History with Record-Breaking Performance
00:37
PSG Crush Inter Milan 5–0 to Claim First-Ever Champions League Title
00:02
All UEFA Champions League Finals