American hedge fund RedBird Capital Partners has agreed a deal with Elliott Management Corporation and will finally close and finalise the purchase of the majority of shares of the AC Milan club in September.
Meanwhile, it is believed that Gerry Cardinale is looking for investors to help him through this journey. He has time until September.
The RedBird chief has 'persistent' interest from a number of parties the US private equity MFO Partners who were also associated with InvestCorp when the Arab fund was said to be close to buying the club, adds Repubblica.
