US investment fund RedBird completes €1.2 billion AC Milan takeover

📆 31/08/2022 16:22:00
📰 NigeriaNewsdesk

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

AC Milan said Wednesday that investment fund RedBird had completed the acquisition of the Italian champions from rival US group Elliott Management for 1.2 billion euros ($1.3 billion).

Serie A outfit Milan said in their statement that Major League Baseball giants the New York Yankees will also have a “minority equity stake” in Milan, who won their first league title in 11 years last season, through their owners Yankee Global Enterprises.

“We will support our talented players, coaches and staff to deliver success on the pitch,” said RedBird’s founder Gerry Cardinale in the statement. “We will look to leverage our global sports and media network, our analytics expertise, our track record in sports stadium developments and hospitality to deliver one goal — maintaining Milan’s place at the summit of European and world football.”

Redbird’s purchase of Milan comes after they bought a minority stake last year in Fenway Sports Group, the owners of Liverpool and MLB team Boston Red Sox, and a majority stake in French Ligue 1 club Toulouse in 2020.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

AC Milan: US investment fund completes €1.2bn takeoverAC Milan said Wednesday that investment fund RedBird had completed the acquisition of the Italian champions from rival US group Elliott Management for €1.2 billion. Okay
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »