match. Preparations are being made to sell AC Milan, the champion of Italy’s top football league Serie-A. For this, talks are also going on with a big US firm. There are talks of selling this football club for $ 130 million (about Rs 10077925,000). If all goes well, a final decision will be taken soon. Both sides have also signed the initial agreement.
AC Milan Football Club is set to be sold to US-based investment firm Redbird Capital Partners for $1 billion and 300 million and the two sides have also signed a preliminary agreement. Football club Milan said on Wednesday that Redbird’s partner American company Elliot Management is expected to finalize the purchase of the Italian club by September.
Gary Cardinale, Founder and Managing Partner of Redbird, said: “We are honored to be part of AC Milan’s illustrious history and look forward to playing a role in the next chapter of the club, which is in its rightful place at the top of Italian, European and world football. Returning to the place.’
Milan won their first Serie A title in 11 years last month. Redbird also has a stake in Fenway Sports Group, which is owned by English Premier League club Liverpool.
FIRST PUBLISHED : June 01, 2022, 17:51 IST