Serie A AC Milan club officially changed hands, valued at 1.2 billion euros
2022-06-02 11:55:24Source: Xi’an News Network
The veteran Serie A powerhouse AC Milan has officially announced that Red Bird Capital has reached a final agreement with Elliott Group on the acquisition of the club. It is understood that the transfer will take place this summer and is expected to be completed by September at the latest. The transaction is valued at 1.2 billion euros.
The AC Milan club with a long history was once one of the best football teams in Europe and even in the world. Its 7 Champions League wins are second only to the La Liga giants Real Madrid, Rivera, the Dutch “Three Musketeers” and Shevchenko. , Kaka, Maldini, this club never lacks superstars. However, in recent years, the club has been stagnant due to many reasons. It was not until the Elliott Group took the “helm” that it got back on track. The Serie A that just ended last month regained the championship after 11 years.
Founded in 2014, Red Bird Capital is a private investment company. According to the official introduction, Red Bird Capital currently manages $6 billion in capital. Since its establishment, Red Bird has invested in more than 30 platform companies and acquired more than 80 companies, with a total enterprise value of more than $30 billion. Redbird founder and managing partner Gerry Cardinale said: “We are honoured to be part of AC Milan’s illustrious history and look forward to playing a part in the club’s return to its rightful place in Italian, European and world football. Role.” According to the Red Birds, the next priority is to continue to cooperate with the club’s team and work together to help the club return to the top of world football.
Yan Bin, chief reporter of Xi’an Newspaper Omnimedia