Investment firm RedBird have entered into a definitive agreement on a deal to buy Serie A champions AC Milan from hedge fund Elliott.
The transition to new ownership will take place over the summer, with an expected closing no later than September 2022.
The deal, which values the Club at €1.2bn, 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.
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