The AC Milan takeover story continues to dominate the media headlines and it now seems that RedBird have overtaken Investcorp.
According to MilanNews, the American fund sent Elliott Management a €1.1bn cash offer, without loans or bonds that could affect Milan. It is a situation that could totally overturn the negotiation that is ongoing with Investcorp, who have not yet changed the structure of their proposal which would be €800m cash and €400m to be financed through a vehicle that has not yet been established.
RedBird also specialise in sports companies, having invested in at least 20 operations around the world with €20bn in value in their sports portfolio over the past two decades.
It should also be noted that they invested €780m for 10% of Fenway Sports Group – who own Liverpool – showing that they are serious about expanding their realm of influence, and they could soon be Milan’s new owners.
Well i think the Arab fund are too good to be true. But i hope this redbird want to invest for AC Milan atleast just their first season enough