RedBird complete €1.2bn takeover of AC Milan
RedBird Capital Partners has confirmed that it has completed its takeover of Serie A champions AC Milan. An agreement was reached to sell Milan earlier this year, with former owners Elliott agreeing to do business for €1.2bn, as well as retaining a minority share in the club. Yankee Global Enterprises, owner of the New York Yankees, have also acquired a minority stake as part of a strategic partnership with RedBird. RedBird founder Gerry Cardinale said: “Our vision for Milan is clear: we will support our talented players, coaches and staff to deliver success on the pitch and allow our fans to share in the extraordinaryRead More →