Serie A
Milan is changing hands for 1.3 billion euros
Within the next week, the signatures will fall between the American company RedBird Capital and the current owners of Milan for the purchase of the Rossoneri’s majority stake for 1.3 billion euros.
Milan set to change hands amid £1.3bn bid from RedBird Capital
Signatures are expected to drop mid next week and all procedures are expected to be completed by the end of June.
Milan’s current owners will retain a 30% stake, while US firm RedBird Capital will hold the remaining 70%.
Equally important, of course, is what will happen in the case of Paolo Maldini, who has yet to renew his contract with the Rossoneri. The case is not so simple as the Milan legend and the team’s current technical director has raised the bar and is calling for transfers that will elevate the team and earn them Champions League accolades.
Source: sport 24
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