AC Milan acquired the North American fund RedBird for 1.2 billion euros. The founder and managing partner spoke about his goals and vision for a club that wants to stay at the top.

The American fund RedBird has completed the acquisition of AC Milan for 1.2 billion euros, the Italian football champion, who has been owned by another American fund Elliott Management since 2018, said on Wednesday.

“RedBird Capital Partners (“RedBird”) today announced the completion of the acquisition of Associazione Calcio Milan (“Milan”, “Milan” or “the club”) for €1.2 billion,” the Milan emblem said in a statement. Internet.

RedBird has a presence in the North American sporting world, but is already operating in Europe through a minority stake in English club Liverpool, which has controlled newly-merged Toulouse since 2020.

The founder and managing partner of RedBird, in statements reproduced by AC Milan, spoke about his goals and vision for how the club should stay at the top.

“Our vision for Milan is clear: we will support our talented players, coaches and staff to succeed on the pitch and allow our fans to share the incredible experience of this historic club,” said Gerry Cardinale.

The founder adds that he “will strive to use the global sports and media network, analyzed experience, the club’s track record in building sports stadiums and hospitality to achieve the goal of keeping Milan at the top of European football.” and all over the world.”