AC Milan and Italian clubs seem to be now appealing again to foreign investors. Elliott Management have been in talks with InvestCorp for a possible sale of the Rossoneri club. The latest news reveal that another party has entered the race, we are talking about RedBird Capital Partners.
According to sources at Reuters, Investment group RedBird Capital Partners is in talks with the American hedge fund Elliott for a possible deal.
RedBird is an investor in Fenway Sports Group, the owner of Liverpool FC and the Boston Red Sox baseball team. RedBird also owns a controlling stake in French outfit Toulouse.
Elliott and InvestCorp have been in exclusivity talks for some time now without having reached an agreement just yet. Now, we have to wait and see who should be able to land the deal which is reportedly valued at around 1.18 billion euros.