AC Milan announced today on Wednesday that the Elliott Fund, the club’s owner, has reached an agreement with the American group “Red Bird”, for the acquisition of the Rossoneri of late.
Milan said in a statement by Club Official Website: “Red Bird Capital and Elliott Consultants today announced that they have reached a definitive agreement for Red Bird to acquire newly crowned Serie A club AC Milan and transfer it to new ownership in the summer. day. , and is expected to be completed no later than September 2022. ”
RedBird Capital Partners agrees with Elliott Advisors to acquire AC Milan ➡️ https://t.co/W1YQr6GIxG
RedBird Capital Partners has written an agreement with Elliott Advisors for the acquisition of AC Milan ➡️ https://t.co/MB0JQRMKWy
#SempreMilanpic.twitter.com/Ri055vyggh– AC Milan (@acmilan) June 1, 2022
“The deal, which values the club at € 1.2bn, will see Elliott retain fewer financial interests in the club and board seats, strengthening the partnership between Red Bird and Elliott that will continue to build on development. made in the last four. years. ”
He continued: “Red Bird’s priority is to work with the Italian champions and the club’s management to continue Milan’s journey to the top of the football world to continue their achievements.”
“With the combination of a successful on-pitch team, Milan’s experience in developing and acquiring players, a world-class business process, and Red Bird’s experiences in running and developing a global sports business, will ensure we want the next chapter in the history of Milan to take the Rossoneri to new heights ”.
Red Bird is one of the investors in Fenway Sports Group, which owns Major League Baseball rivals Liverpool and the Boston Red Sox, and also owns a majority stake in French soccer club Toulouse.
Source: “Agency”
Source: Arabic RT
