ROME: AC Milan said on Wednesday that its current owners, investment fund Elliott Management, have agreed to sell the newly crowned Serie A champions to rival fund RedBird for €1.2 billion .
Elliott Management acquired the Italian club in 2018 when Chinese businessman Li Yonghong was unable to repay a loan he had taken out when he bought the club from Silvio Berlusconi's Fininvest in 2017. Italian media reported that the deal between Elliott and Investcorp collapsed as seven-time European champions Milan's owners pushed for a higher purchase price off the back of the Scudetto.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US investment firm Redbird buys AC Milan from Elliott - reportThe U.S. investment firm RedBird has bought Serie A champions AC Milan from the U.S. fund Elliott after a deal was reached in the last few days, ANSA https://www.ansa.it/english/news/sports/2022/05/31/soccer-redbird-buys-ac-milan_5cda92bc-40f0-4844-a6e3-4b37fc750551.html reported on Tuesday.Asset manager
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says its January to April non-financial outbound direct investment rises 4.5% year-on-yearBEIJING: China\u0027s non-financial outbound direct investment (ODI) in the first four months of the year rose 4.5 per cent from a year earlier to US$35.88 billion, the commerce ministry said on Monday (May 30). In yuan terms, ODI grew 2.5 per cent in the January to April period from a year earlier, the ministr
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says its Jan-April non-financial outbound direct investment rises 4.5% y/yBEIJING : China's non-financial outbound direct investment (ODI) in the first four months of the year rose 4.5 per cent from a year earlier to $35.88 billion, the commerce ministry said on Monday.In yuan terms, ODI grew 2.5 per cent in the January-April period from a year earlier, the ministry said in a s
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »