RedBird Capital Partners which owns a minority stake in Fenway Sports Group (Liverpool owners) has reportedly launched an attempt to purchase AC Milan football club from Elliott Management Corporation.
This is according to Sky Sport Italia which report that RedBird "was trying to prise AC Milan from the clutches of Investcorp, a Bahrain-based investor which had secured a now-lapsed period of exclusivity within which to seal a takeover." But, it remains possible that InvestCorp do secure a deal instead and come out winners in this race to purchase the Serie A giants.
Last year, RedBird bought a stake of just over 10% in Fenway Sports Group (FSG), Liverpool's owner for the last decade, for a reported $750m.
source: news.sky.com
