The American investment company RedBird has agreed to the acquisition of the Italian Milan for 1.2 billion euros, while the current owner Elliott will keep a small percentage.
The transfer to the new property will take place in the summer, with the agreement to be completed by September at the latest.
Milan has just won the championship in Italy, for the first time in 11 years.
“We are honored to be part of Milan’s glorious history and we are excited to play a role in the next chapter of the club as it returns to its rightful place at the top of Italian, European and world football,” said the founder and CEO. RedBird adviser Gerry Cardinale in a statement.
Redbird is already an investor in Fenway Sports Group, owner of Liverpool and the Boston Red Sox baseball team.
Source: Capital
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