RedBird Capital jump ahead of Investcorp in AC Milan €1bn ownership battle
RedBird Capital jump ahead of Investcorp in AC Milan €1bn ownership battle
RedBird Capital have given Elliott Management pause over plans to sell AC Milan to Investcorp.
Bahrain-based fund Investcorp and Milan owners Elliott were drawing up contracts last week ahead of an expected sale in the region of €1.18bn.
However, the US-based RedBird Capital have made contact and tabled their offer.
Tuttosport reports Elliott are impressed by RedBird's €1.1bn offer as it is all cash and without financing. After this move, the American fund, which holds a stake in Liverpool owners FSG, has overtaken Investcorp.
However, a new proposal from Investcorp in the coming weeks is not excluded.
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