It’s final! RedBird will take over AC Milan, the American company has big plans for the club!

RedBird Capital Partners has recently officially announced that it will finally take over Italian champion AC Milan. According to the latest information, the American firm has big plans for AC Milan – but the main one is to make AC a global giant again.

RedBird Capital Partners and Elliott Advisors UK Limited have finally closed the deal to take over the Milanese big club.

The transition to new ownership is expected to take place in the summer months, but no later than September this year.

The new owners have paid 1.2 billion euros for the club, which translates to roughly 32 billion in Czech crowns. In any case, Elliott will retain a minority financial stake in the team and seats on the board, which he intends to cement the partnership between him and RedBird.

AC Milan will thus be able to pursue a new project whose goal is clear – the Rossoneri are set to become a global giant again in the coming years.

Moreover, RedBird has great experience in football and their expertise in the management and operation of the club reaches great heights. Moreover, the investment firm wants to make AC a truly strong marketing brand, much like the New York Yankees baseball team.

Notably, RedBird also owns the French team Toulouse and has a stake in Fenway, which owns Liverpool and baseball’s Boston Red Sox.

“We are honored to be part of AC Milan’s illustrious history and excited to play a major 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 in rebuilding the club over the last four years,” said founder Gerry Cardinale in an interview with the club’s website.

The new owners are also looking to provide the club with a significant amount of funding for summer transfers. AC Milan wants to succeed in the Champions League, so to speak, and the Rossoneri are pushing the boot in several positions.

According to the latest speculations, AC should have around 300 million euros available in the summer transfer window! And the list of potential reinforcements includes such names as Raheem Sterling, Joao Félix, Maxence Caqueret or Christopher Nkunku.

Source: AC Milan