Earn-out clause convinced Elliott to ditch Investcorp in favor of RedBird
RedBird Capital have reached an agreement with Elliott to acquire AC Milan club for a figure of €1.8 billion. Yesterday morning, Il Sole 24 Ore reported that American fund RedBird Capital was set to become the new owner of AC Milan club. Numerous reports later confirmed that the sale of the Rossoneri club was about to be completed with Reuters writing that Investcorp had definitely abandoned talks with Elliott Management. A sensational turn of events considering…
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