The updates about RedBird taking over AC Milan from Elliott Management Corporation for a fee over 1.3 billion euros are continuous and growing stronger with each day.
The latest news reported today is the Gerry Cardinale, Chairman executive and founder of the American company interested in buying the Serie A giants should be in Italy today to sign the preliminary agreements paperwork with Elliott tomorrow and then meet with Paolo Maldini the next day.
Sky's journalist Vittorio Eboli spoke about the new potential owners of AC Milan and said the following:
"RedBird manages assets worth 6 billion dollars. Gerry Cardinale left Goldman Sachs in 2014 and founded the RedBird fund. He owns 85% of Toulouse, newly promoted to Ligue 1 and also 10% of the company that owns the majority of Liverpool's shares."
On Redbird's investment in Milan:
"His primary objective will be to increase the value of Milan. RedBird will try to transform the entire Milan galaxy into a real industrial sports platform. This would be a revolution for Italian football, while for Milan it would be a huge possibility of growth. The Rossoneri club will not only grow thanks to the pitch, but also off the pitch."
