The transfer regarding the ownership of Milan from "Elliott" to "RedBird" has already been made official, this has been announced on the official website of the Italian club.
This morning, in the offices of Milan was Gerry Cardinale, Milan's youngest owner who formalized this deal. The transfer of new ownership will be completed over the summer, as the procedures take some time.
The deal, which estimates the club's 1.2 billion euros, predicts that Elliott will hold a financial stake in the club's minority, as well as its representatives on the Board of Directors, thus consolidating a partnership between RedBird and Elliott. which will provide continuity to the progress made under Elliott's guidance over the past four years.
"We are honored to be part of Milan's great history and we are excited by the prospect of being able to write a new chapter together. "We aim to push Milan as high as possible, this is our main objective", said the new owner of Milan.