RedBird Capital are reportedly evaluating the possibility of selling their shares in Toulouse, a Ligue 1 club, and is in the early stages of studying the feasibility of the operation.
That is according to what Bloomberg reported yesterday (read the full story here). RedBird – from which a ‘no comment’ on the issue has arrived – acquired 85% of Toulouse in 2020, making the French club a model in terms of management of the sports area through data and algorithms.
With RedBird, Toulouse were promoted to Ligue 1 and won the French Cup last season. Among the reasons that lead RedBird to evaluate the sale is (perhaps above all) the potential conflict of interest with Milan.
This is something that UEFA had to address at the beginning of the year, given that Milan and Toulouse participate in the Champions League and Europa League, which are competitions that can overlap.
To overcome this problem, among the various countermeasures there was Cardinale’s resignation from the Toulouse board of directors. In the end, UEFA gave the green light, but RedBird are now evidently considering a total sale. Nothing would change regarding RedBird’s commitment to Milan.
