RedBird Capital Partners, the private equity firm that owns 11 per cent of Liverpool owners Fenway Sports Group, will remain committed to their long term partnership with FSG even if they conclude a takeover of AC Milan.
RedBird, who invested $750m into FSG for a stake in John Henry's empire in March of last year, have been heavily linked with a move to take control of the Italian giants in a deal that has been valued at around £840m (€1bn). The interest, first reported by Sky News on Thursday, is rooted in fact, the ECHO understands and the New York-based firm are looking to acquire the club after a period of exclusivity between Bahraini investment vehicle Investcorp and AC Milan owners Elliott Management lapsed.
An agreement between the two parties could not be reached during that period, and while Investcorp remain committed to a bid to buy the club, RedBird have now sought to show their hand and enter discussions around acquiring the Rossoneri, one of Italian football's most storied clubs.
