The official statement is out already, RedBird and Elliott have entered into an agreement. The deal for the acquisition of AC Milan is valued at 1.2 billion euros.
RedBird's boss, Gerry Cardinale, released important words to discuss this new milestone and chapter with the Rossoneri, in which he confirms the importance of continuing with the current club management. Here are his words:
"We are honoured to be a part of AC Milan’s illustrious history and are excited to play a role in the Club’s next chapter as it returns to its rightful place at the very top of Italian, European and world football. I want to thank Gordon Singer and the entire Elliott team for the tremendous work they have done over the last four years in rebuilding Milan and returning it to its rightful place at the top of Serie A. RedBird’s investment philosophy and track record in team ownership has shown that football clubs can be successful on the pitch and sustainable off it – we are looking forward to a long term partnership with the club, its management team and Milanisti around the world to keep propelling Milan in the years to come.”
Official statement: RedBird Capital Partners enters agreement with Elliott
