Italian champions AC Milan have confirmed a deal for their sale to US investment firm RedBird Capital Partners.
The club said in a statement on Wednesday that RedBird and current owner Elliott Advisors had reached an agreement.
In the agreement, AC Milan were valued at 1.2 billion euros ($1.29 billion).
AC Milan recently won the Serie A title again after an 11-year wait.
RedBird is already active in sports, as an investor in Fenway Sports Group, which owns Liverpool and the Boston Red Sox baseball team.
RedBird also holds a majority stake in French football club Toulouse.
Latest posts by Editor (see all)
- Naira appreciates by 3.3%, trades at N1,354/$ - May 6, 2024
- Shettima aborts U.S. trip as aircraft develops technical fault - May 6, 2024
- Alex Otti should publish Abia Forensic Report now - May 1, 2024
Advertisement
