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.
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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
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