The American investment fund Redbird finalized the acquisition of the Milanese club on Wednesday.
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AC Milan changes hands. The American fund Redbird finalized the acquisition of the Italian club for 1.2 billion euros on Wednesday August 31. “RedBird Capital Partners announced today that it has completed the acquisition of Associazione Calcio Milan for €1.2 billion”announced the club with seven victories in the Champions League, crowned Italian champion in May for the 19th time in its history.
RedBird is present in the sports world in North America while already being active in Europe, through a minority stake in the Liverpool club but also with control since 2020 of Toulouse FC, promoted to Ligue 1. Nearly half of the Serie A clubs are foreign owned, almost all in the hands of North American interests. The only exception is Inter Milan, owned by the Chinese group Suning.
RedBird Capital Partners completes acquisition of AC Milan https://t.co/34kE6CVVnW
RedBird Capital Partners completes acquisition of AC Milan https://t.co/57FALTJvfa#SempreMilan pic.twitter.com/YTo6X5CvDq
— AC Milan (@acmilan) August 31, 2022
“Our vision for Milan is clear: we will support our talented players, coaches and staff to succeed on the pitch and enable our fans to share in the extraordinary experiences of this historic club, has indicated Gerry Cardinale, the boss of RedBird, in a press release. We will look to leverage our global sports and media network, analytical expertise, track record in sports stadium development and hospitality to achieve one goal: to maintain Milan’s place at the top of European football. and global.”