Yesterday, the agreement between Elliott and RedBird was officially announced. Gerry Cardinale's company is now the majority shareholder of the AC Milan football club.
The American entrepreneur has shared his vision and big dreams for the Rossoneri as he aims to invest on and off the pitch to make the club successful and at the height of world football.
La Gazzetta dello Sport talked at length about the Rossoneri project (as we relayed it to you here). But, they also highlight what could have been had Elliott and InvestCorp found an agreement.
According to the Italian newspaper, executive chairman of InvestCorp, Mohammed Al Ardhi offered a fee of 1.2 billion euros and everything was going well but the signature never came and the negotiations stalled. Then, the entry of RedBird changed everything.
Mohammed Al Ardhi himself last week expressed his disappointment of not being able to reach an agreement with Elliott. As per La Gazzetta dello Sport, there is still a lot of bitterness at the London offices of InvestCorp. Alardhi, according to the rosy , believed the offer to buy AC Milan was more than fair. Furthermore, the Arab fund had an important vision and project as well with a reserved sum of 70 million euros and an additional fee reserved for the stadium project.
