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.
A 36-year-old registered sex offender, Babatunde Odutola, has been jailed in the United Kingdom for…
The Emir of Kano, Muhammadu Sanusi II, has called for a clearer separation between religion…
A Kano State High Court has acquitted a commercial tricycle driver, Imran Mustapha, who was…
The Lagos State chapter of the All Progressives Congress has unveiled its campaign council ahead…
Gunmen have killed a Police Inspector at the residence of the Imo State Commissioner of…
The Presidency has intensified its criticism of Nigeria Democratic Congress (NDC) presidential candidate Peter Obi,…
This website uses cookies.