RedBird Capital are on the verge of taking over AC Milan, having offered €1.3bn to buy the club from Elliott Management. In fact, the owner Gerry Cardinale will be in Milan next week to complete the matter.
After Investcorp’s period of exclusivity with Elliott Management came to an end, RedBird Capital swooped in and are now close to buying the club. As per Sky Italia, the deal is worth €1.3bn and it’s for 70% of the club.
Cardinale will be in Milan next week to sign the preliminary agreements and the total completion of the deal will be in one month’s time. Elliott Management will keep a 30% share in the club and they will thus still have influence.
It remains to be seen what kind of budget Paolo Maldini and Ricky Massara will have for the upcoming transfer window. After this season’s success, it’s only natural that the Rossoneri want to improve the team further.
