It was finally sold. According to reliable sources, AC Milan was sold to RedBird Fund for 1.3 billion euros last week. RedBird boss Cardinale will arrive in Milan today, and the team will make an official announcement tomorrow or the day after tomorrow.

2024/04/2901:39:33 hotcomm 1955

It was finally sold. According to reliable sources, AC Milan was sold to RedBird Fund for 1.3 billion euros last week. RedBird boss Cardinale will arrive in Milan today, and the team will make an official announcement tomorrow or the day after tomorrow. - DayDayNews

Gerry Cardinale

RedBird CEO Gerry Cardinale will arrive in Milan later today. He did not meet with Elliott today to sign the handover letter, but according to reliable information, the signature was completed last week. Elliott will retain a partial stake in the new team.

Who is RedBird Capital?

It is an American investment fund . is a company focused on building fast-growing companies with flexible long-term capital . Founded in 2014 by Gerry Cardinale, the company has a capitalization of $4.5 billion and is not only involved in financial services, but also in several other areas such as telecommunications and sports. In fact, a few years ago, it acquired 10% of Fenway Company, which controls the British Liverpool Football Club, with a total investment of approximately 750 million. RedBird also manages an 85% stake in Toulouse, a French football club that was recently promoted from Ligue 1 to Ligue 1. Not just football, the fund also operates Dream Sports in India, a platform for organizing cricket matches, and Live Experience, an entertainment and live events company associated with the United States Football League (NFL) company. The fund's interests in sports also include a baseball team, the Boston Red Sox, and an ice hockey team, the Pittsburgh Penguins.

It was finally sold. According to reliable sources, AC Milan was sold to RedBird Fund for 1.3 billion euros last week. RedBird boss Cardinale will arrive in Milan today, and the team will make an official announcement tomorrow or the day after tomorrow. - DayDayNews

The most important thing right now is the stability of the team, and uncertainty about the team will be inevitable given the ongoing ownership changes. Milan won the league championship this year, and I hope this property rights change will not affect AC Milan's status next year.

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