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AC Milan changes hands! – 24hfootnews

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RedBird Capital Partners has officially acquired AC Milan. The process involved signing a check for 1.2 billion euros.

This time it’s over: AC Milan is now owned by Redbird Capital Partners. The US fund spent 1.2 billion euros to buy the club from the Elliott Group. Good news for the Lombard captains, who should have more resources during the upcoming transfer window.

“Preserving Milan’s position at the forefront of European and world football”

Jerry Cardinale, founder and managing partner of RedBird Capital Partners, expressed his enthusiasm on the Rossoneri’s official website: “Our vision for Milan is clear: We will support our talented players, coaches and staff to succeed on the pitch and enable our fans to take part in the extraordinary experiences of this historic club. We will seek to leverage our global sports and media network, our analytical expertise, and our expertise in stadium and hospitality development to achieve one goal: to retain its prestige. Milan at the forefront of European and world footballDid he say?

As a reminder, the sale has been delayed due to legal action by Blue Skye Financial Partners in recent months. RedBird Capital Partners already owns Toulouse Football Club.

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