RedBird Capital Partners, the private equity firm that owns 11 per cent of Liverpool FC owners Fenway Sports Group, have been linked with a takeover bid for Italian giants AC Milan.
Sky News reports that the New York-based fund, which has been a prolific investor in sport over the past two years, has approached the owners of AC Milan, Elliott Management, over taking their majority stake in the Serie A side.
RedBird, who paid $750m in March 2021 for their stake in FSG, are the majority owners of French side Toulouse. They achieved promotion last week and will return to the top tier of French football, Ligue 1, from next season, two years on from RedBird acquiring an 85 per cent stake in the club following relegation to Ligue 2.
