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Owner of AC Milan since the summer of 2018, Elliott Management Corporation has been trying to hand over control for several weeks, and a Bahraini investment fund has been planning the rope so far, but we learned this morning that it is to retire.
In parallel, an American group was also interested, RedBird Capital Partners, and this one would have taken the lead. According to Nicolò Schira, an agreement has even been found between the two American groups, for a sum of between 1.3 and 1.8 billion euros. The deal could be closed in the next few days.
⏳ #ACMilan are in very advanced talks to be sold to an American group #Red bird Capital, which has reached an agreement with Elliott based on a valuation of 1.3 billion euros up to 1.8 billion euros. They are confident of closing the deal in the next few days. #transfers
— Nicolò Schira (@NicoSchira) May 26, 2022
While the Lombard club has been celebrating its title since last Sunday, the news remains busy with the looming sale. Indeed, Elliott Management is in the process of selling AC Milan to RedBird Capital Partners, the owners of Toulouse FC.