News today appear to confirm the seriousness of RedBird Capital Partners in buying a controlling stake of the AC Milan football club from Elliott Management Corporation. It seems that the owners of the Rossoneri club are not really convinced by the attempts and offer set on the table by InvestCorp and RedBird have moved forward with a better proposal.
According to sources at Reuters, Investcorp have 'suspended' their bid to buy AC Milan. The source claims that the offer is now on hold and RedBird now have a clear path in front of them to reach an agreement with Elliott.
