Italy | Milan already has a new owner: the RedBird fund

Paolo Maldini, director técnico del AC Milan, celebra la consecución del Scudetto.

The new era of Milan has begun. This morning, as reported ‘La Gazzetta dello Sport‘, the head of the RedBird Capital Partners fund, Gerry Cardinale, has signed the contract for the acquisition of the club rossonero. The announcements should arrive between this afternoon and tomorrow and will mean a new and important change for the future of the club rossonerowhich in 2018 passed from the hands of Li Yonghong to those of the Elliott fund. RedBird, like the previous owners (who will continue in the club with a 30% share, according to ‘The Republic‘), is an American fund based in New York, whose turnover is around 6,000 million euros. The cost of this operation will reach 1,300 million, and it is not the first of the fund in the world of sports. RedBird also acquired a minority share of Malaga, and 10% of Liverpool for $750 million.

Shield/Flag Milan

The first meetings of the new board will aim to renew Paolo Maldini’s contract, analyze the Leao case and that of the new stadium, still stalled. The Italian champion will continue to grow.


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