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€1bn takeover battle for AC Milan

Gerry Cardinale's Redbird Capital Partners is in talks to acquire AC Mlan, challenging asset manager Investcorp in a €1m+ takeover battle.   Investcorp's period of exclusivity to seal a deal has come to an end. Current owners hedge fund Elliot Management are keen to sell and a deal could be concluded within weeks.

Elliott took control in 2018after Chinese businessman Li Yonghong defaulted on high interest loans used to buy the club the year before.

AC Milan have not won the Serie A title since 2011, but are currently top of the league with three games to play.

This year the club returned to the Deloitte Money League for the first time since 2017/18, taking 19th place with 2020/21 revenues of €216m.

Redbird took a minority stake in Fenway Sports Group which owns Liverpool in March last year.  They own outright Toulouse FC, recently promoted to Ligue 1.


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