MN: Announcement imminent with documents being signed ahead of RedBird takeover

By Oliver Fisher -

An official announcement is not far away as the sale of AC Milan from Elliott Management to RedBird Capital should be completed today, a report claims.

According to MilanNews, 99.97% of the Milan shares held by Elliott Management will be transferred to the American fund RedBird Capital headed by Gerry Cardinale imminently.

Yesterday it emerged that several big names in American sports would become shareholders in the club such as the New York Yankees, the Main Street Advisors fund (who have Drake and LeBron James among their investors), Italian entrepreneur Riccardo Silva and other investors.

They decided to invest after hearing the plans for Milan that were proposed to them by the Cardinale himself, which shows that he has an attractive project in mind from the point of view of being attractive to invest in.

The official announcement of the change of ownership is also scheduled for today, the report adds.

Tags AC Milan


  1. sad day for milan the worst thing is getting american broke owner the greed of american owner will ruin our club
    i supported milan since i was 6 and never in my life i was this worry about our future ,
    we are milan for f sake and the way things goings for the minutes those greedy american take over our club is distressing to say the least ,

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