More confirmations have arrived stating that RedBird Capital now seem set to be the next owners of AC Milan having overtaken Investcorp.
This morning’s edition of Il Sole 24 Ore (via MilanNews) claim that Elliott Management are very likely sell to their compatriots RedBird Capital who have overcome the competition of Investcorp in the last few hours with an offer of €1.3bn.
They added that the parties are now very close to signing the documents and the fee they pay for Milan could rise to €1.8bn in subsequent years due to various mechanisms. RedBird are putting €600m in equity on the table and a large loan to cover the rest of the cost.
According to MilanNews, RedBird have indeed presented an improved offer to buy the Rossoneri having gone from the €1.1bn on the table to €1.3bn. The feeling is that they are now definitively in the lead and a critical turning point could take place by the end of May.