​RedBird Capital Looks to Sell AC Milan Stake

Posted : 04 October 2024


 
RedBird Capital, the US investment firm that acquired AC Milan in 2022 for €1.2 billion ($1.32 billion), is reportedly looking to sell a stake in the club to "rebalance its portfolio."

 
 According to Italian daily La Repubblica, the firm may divest up to €150 million of its initial investment of €681 million, partly financed through a €560 million vendor loan from previous owner Elliott.

 
 However, a RedBird spokesperson stated that the document cited by the newspaper is not associated with Gerry Cardinale, the fund's founder and managing partner.

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