Elliott to make top signing as farewell gift to AC Milan

Elliott have sold AC Milan to RedBird Capital but the American will not leave without a farewell gift to the club.

AC Milan are in the final stages of the club ownership change. Elliott Management are bidding farewell after four years at San Siro that culminated with winning the Scudetto. American fund RedBird Capital will become the new owners of the Rossoneri club for a figure of €1.2 billion plus 500 millions in bonuses.

The official closing is expected to take place in early September and Elliott may end up financing RedBird’s takeover with a reported 600 million loan. This summer transfer window will be financed by Elliott since RedBird will officially become owners once the mercato is over.

Tuttosport reports that Elliott Management and the Singer family want to leave AC Milan with a bang. The Americans plans to make a top signing as a farewell gift that’s why they will be the ones to finance the purchase of Charles De Ketelaere.

The 21-year-old Belgian attacking midfielder is expected to cost around €35 million. That figure would make De Ketelaere one of the most expensive signings in AC Milan history. Maldini, Massara and Pioli are firm believers that the Belgian will be able to make the difference at San Siro next season.

Meanwhile, Charles has said yes to AC Milan contract offer of 2.5 million euros for the next five years. De Ketelaere has been a key figure for Club Brugge playing regularly in the last three years despite his young age. The local media have praised him as the next star of Belgian football often comparing him to national teammate Kevin De Bruyne.

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