Liverpool shareholder RedBird Capital Partners has approached Elliott Management to acquire AC Milan club for €1 billion.
A new player has entered the pitch. RedBird Capital Partners are trying to prise AC Milan club from Investcorp. The Bahrain-based were in an exclusive negotiation agreement with Elliott Management. That period of exclusivity has now lapsed and Elliott can open talks also with other interested parties.
RedBird Capital Partners is a private investment firm focused on building high-growth companies with flexible, long-term capital. In recent years RedBird has become one of the world’s most prolific investors in elite sports and associated technology companies, such as India’s Dream Sports and French top-flight club Toulouse.
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