Serie A Champions, AC Milan have taken a huge a step in the future of the club, a decision that may make or mar them in the near future.
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The Milan club confirmed that the they have entered into a definitive agreement with RedBird as it concerns the takeover of the club.
The news of the takeover was confirmed on the official website of AC Milan on Wednesday, June 1st, 2022. According to reports, the deal, will value the club at €1.2B, and will see Elliott retain a minority financial interest in the club and seats on the Board of Directors, solidifying a partnership between RedBird and Elliott that continues the progress made under Elliott’s stewardship over the last four years.
The founder and Managing Partner of the Redbird, Gerry Cardinale expressed his delight as it concerns the completion of the club’s takeover. He also assured fge fans of the club, that he will try to take the Serie A club to the top level of football.
We are honoured to be a part of AC Milan’s illustrious history and are excited to play a role in the Club’s next chapter as it returns to its rightful place at the very top of Italian, European and world football. I want to thank Gordon Singer and the entire Elliott team for the tremendous work they have done over the last four years in rebuilding Milan and returning it to its rightful place at the top of Serie A. RedBird’s investment philosophy and track record in team ownership has shown that football clubs can be successful on the pitch and sustainable off it – we are looking forward to a long term partnership with the club, its management team and Milanisti around the world to keep propelling Milan in the years to come
AC Milan will hope this takeover will bring more trophies their way in the domestic scene and also to the top in the UEFA Champions League.
