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.