The American fund Redbird has completed the acquisition of AC Milan for 1.2 billion euros. The Italian club had belonged since 2018 to Elliott Management, another American fund.
The New York Yankees baseball franchise will have a minority stake, said in a press release the club with seven Champions League titles (Italian record and 2nd most successful club after Real Madrid), which became last May for the 19th time. of its history champion of Italy.
RedBird is present in the sports world in North America, but is also already active in Europe, through a minority stake in Liverpool but also with control since 2020 of Toulouse, promoted to Ligue 1. It is also associated with a Californian fund , Main Street Advisors, headed by businessman Paul Wachter, and counting basketball star LeBron James, music producer Jimmy Iovine and rapper Drake among its own associates.