The club bought for 1.2 billion euros by RedBird


AC Milan is (again) entering a new era. Indeed, the American company RedBird, which also owns the TFC at 85%, has just bought the Lombard club in an operation worth 1.2 billion euros. RedBird boss Gerry Cardinale has announced his ambition to « maintain Milan’s place at the top of European and world football ». An AC Milan which had belonged since 2018 to Elliott Management, another American fund.

Winner of 19 titles in the Italian championship, and also 7 Champions League in particular, the reigning Italian champion can count on a significant investment from his new owner. « RedBird will continue to invest in all key areas, which will advance the club’s sporting and business interests, building on last season’s achievements that culminated in winning the Serie A championship. RedBird’s experience in operating and building global sports businesses will ensure that the next chapter in AC Milan’s rich history builds on its current momentum. », can we read in the presentation press release. In addition, this agreement provides that Yankee Global Enterprises (YGE), owner of the New York Yankees, will enter into a strategic partnership with AC Milan by taking a minority stake in the club.

On the sporting level, AC Milan was held in check on the lawn of Sassuolo, Tuesday evening (0-0) in a meeting during which Mike Maignan diverted a penalty. The team coached by Stefano Pioli temporarily occupies 3rd place in the standings and will experience a (no doubt) very lively derby against Inter Milan, second, on Saturday (6 p.m.).



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