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.
Wife of Senator Solomon Olamilekan Adeola, Temitope Adeola, has charged APC women in Ogun State…
Nollywood filmmaker Funke Akindele has revealed that her blockbuster, Everybody Loves Jenifa, was the most…
Security operatives have rescued eight persons abducted around Millennium City and Maraban Rido in Kaduna…
Food security: FG offers 40 universities, polytechnics N2bn eac The Federal Government has offered 40…
LUS President Donald Trump has announced plans to end a 10-year military assistance agreement that…
The Federal Government has commenced N50,000 relief payments to vulnerable Nigerians under its National Emergency…
This website uses cookies.