Official / Milan sold to ‘RedBird’ for 1.2 billion euros

As it was understood the day before, where the return to Milan of Gerry Cardinale, number 1 of RedBird was registered, this Wednesday came the official announcement, after the signin, (said in Albanian the signatures in the preliminary sales contract). The official statement reads: “RedBird Capital Partners and Elliot Advisors UK Limited announce that they have signed a final agreement for the acquisition by RedBird of the Milan Football Association, the new Serie A champions.

The transfer to the new ownership will take place during the summer, with the transaction expected to be completed by September 2022. The agreement, which estimates the club’s 1.2 billion, envisions Elliot maintaining a minority financial representation at the club, as well as several representatives on the board. thus consolidating a partnership between RedBird and Elliot that will continue the progress made under Elliot’s leadership in the last 4 years.

RedBird’s priority is to continue working with the sporting aspect and management of the club to give continuity to Milan’s journey, aiming for a return to the top of world football. The combination of field success, new player acquisition and development strategy and top-level global commercial management, coupled with RedBird’s experience in leading and developing international sports brands will guarantee an even brighter future for history. legendary of Milan ”.

There was also a statement from Gerry Cardinale, founder and managing partner of RedBird who spoke. “We are honored to be part of the great history of Milan and we are excited by the prospect of writing the next chapter of the club at the very moment when he has returned to occupy the position at the top of Italian football, already having the look for objectives others at European and world level“.

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