The agreement between Elliott Management Corporation and RedBird Capital Partners has been found for quite some time now. But, the official closing and transfer of the shares should take place soon.
According to the latest news on Il Corriere della Sera in today's print edition, the closing between Elliott and RedBird will in fact take place between the end of August and the beginning of September.
Gerry Cardinale, the founder of RedBird, the company which will have the majority of AC Milan shares, sent a message of encouragement to the Rossoneri group on thursday in view of the start of the new championship, concluded the newspaper report.