US investment firm Redbird Capital Partners has agreed to a 1.2 billion euro ($1.3 billion) deal buy italian football champions Milan aims to challenge elite of Europeans game again.
under terms of Deal, current Owners Elliott, United States private the financial value groupwill keep minority investments and seats on The boardThe club He said on Wednesday.
Milan has just won The Italian League league nickname for The first time in 11 years.
“We… are excited about it play a role in The club’s next Separation because it returns to his right place On the top of Italian, European and world football,” said RedBird founder and managing partner, Jerry Cardinale in a permit.
redbird already Investor in Royal Fenway Sports Group of Liverpool and the Red Sox baseball team team. red bird also He has a controlling stake in French football club Toulouse.
‘RedBird’s investment philosophy and path record in team The property showed it football Clubs can be successful on Pitch and Sustainability off “cardinal added.
Italian football clubs have recently become a popular target for overseas investors, attracted By comparison cheaper reviews with those of The English Premier League and its opponents in European major leagues.
Milan was dominant force in European football with previous ownership of former Prime Minister Silvio Berlusconi but won Champions League for The last time in 2007.
Transfer to new You will take ownership place over the summer, with Expected closing of Transaction no later than September, club statement added.
Milan, European Cup winner Seven timeswill look to strengthen its ranks during the upcoming season of help She defends her Italian language league Address and Mount A challenge in Champions League.
Elliot took over The club in 2018 when Chinese businessman Li Yonghong failed To fulfill certain financing obligations package for The purchase of The team from Berlusconi year Before.
Elliott said her continued engagement reflects her confidence in Redbeard and added that club I will drive remain in place.
Former Arsenal CEO Ivan Gazidis is the club’s CEO while former player Paolo Maldini as a technician director.
