RedBird purchase of AC Milan made official
Ac Milan lift up the Serie A trophy during U.S. Sassuolo Calcio against AC Milan, Serie A, at Mapei Stadium on May 22th, 2022.AC Milan officially confirmed on Wednesday that New York-based private investment company RedBird has signed an agreement to but the seven-time European champions and current Serie A champs AC Milan from another US financial firm, the Elliott Group.AC Milan fans are still celebrating their team's 19th Serie A crown and their first scudetto since 2011.It is also the first Serie A title since former Italian premier Silvio Berlusconi sold the club in 2016.The deal, which values the club at 1.2 billion euros, will see Elliott retain a minority financial interest in the club."We are honoured to be a part of AC Milan's illustrious history and are excited to play a role in...