The media learned the main contender for the purchase of Milan
The American investment company RedBird Capital Partners has become the main contender for the purchase of the Italian football club AC Milan, according to La Gazzetta dello Sport.
According to the source, RedBird Capital Partners offered €1.3bn for the club and outbid Bahrain-based Investcorp’s €1.2bn offer. It is noted that the financial structure of the transaction proposed by RedBird also turned out to be more attractive than that of competitors.
AC Milan is owned by American hedge fund Elliott Management, which acquired the team in 2018 after former owner Li Yonghong failed to repay a €32 million debt to the fund.
Milan are 18-time Italian champions, five-time Italian Cup winners and seven-time Italian Super Cup winners. The Italian club has also won the Champions League seven times. A round before the end of the Italian championship, “Milan” takes first place in the standings.