Serie A was sold to a giant American fund
1 min read
World football
The investment fund paid about R $ 6 billion to buy the group
Oh Milan, From Italy, is enjoying a moment of restructuring. After several seasons without playing for the Serie A title and without attending major European tournaments, The Italian Rubro-Negro returns to the title of Calcio after 11 years Waiting.
This Wednesday, 01, the fan got another great news: Sold to Milan RedBird Capital PartnersAn American investment fund. The transaction is about 1.2 billion euros (R $ 6 billion).
“RedBird’s priority is to continue working with the playing field and the club’s management, to pursue Milan’s path to return to the pinnacle of world football. Together, they will ensure a brighter future for AC Milan’s glorious history. ”
Elliott Management Corporation, which has been running the club since 2018, will be based in Milan, but with a minority stake.
Background with sports experience
RedBird Capital Partners has extensive experience in running sports companies. It holds shares in Toulouse, France. Among other sports, he is involved in the management of the Boston Red Sox (baseball), the Pittsburgh Penguins (ice hockey) and Dream Sport (a sport in India that specializes in cricket).
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