RedBird Officially Acquires Milan
Statement released by the team reads that RedBird Capital Partners and Elliott Advisors UK Limited have entered into a agreement for RedBird to acquire Milan. The transition to new ownership will take place over the summer and values the club at €1.2B. Elliott retain a minority financial interest, rumoured to be 30%. RedBird have a minority stake in Liverpool which they got in 2021.
It is unlikely the direction of the team will change too much. It remains to be seen if RedBird want to or can accelerate investments like the new stadium, shared or not shared with Inter.