RedBird Capital are serious about hijacking Investcorp’s bid to purchase AC Milan from Elliott Management, according to the latest reports.
Sky News reported earlier today that RedBird – who are an investment vehicle which owns a stake in Liverpool Football Club’s parent company Fenway Sports Group – are trying to hijack the current talks over the sale of the Rossoneri and have offered a figure over €1bn.
According to what is being reported by Class CNBC on Twitter – a news source dedicated to business matters – a source close to the negotiation has told them that RedBird are ‘serious, solid, sophisticated and specialised’.
There is the belief that RedBird Capital could be the absolute best owners for Milan, but Investcorp are not giving up and still hope to close the deal. Among the conditions that will make the difference for Elliott is a financial structure of the bid that does not compromise the structure of Milan by loading it with debts.