Liverpool shareholder RedBird seeks €1bn Milan takeover
Liverpool's minority shareholders, RedBird Capital Partners, have launched a €1 billion proposal for Milan, according to Sky Sports UK.
A €1 billion bid for
Milanhas been launched by Liverpool's minority shareholders, RedBird Capital Partners, according to reports in the UK's
Sky Sports
.
There are rumors that the owner of the Rossoneri,
Elliott
, is in talks with the Bahrain-based fund Investcorp over a €1.18 billion buyout, but the exclusive negotiation time is said to have ended at the beginning of May.
According to Sky Sports UK,
RedBird Capital Partners
has entered the bidding for the Rossoneri, with an offer in the area of €1 billion. The Rossoneri are currently owned by the Italian government. For €750 million, RedBird acquired a ten percent share in
LiverpoolFC last year.
Although Investcorp's offer is better than the previous one received by Elliott, RedBird Capital has entered the contest and is now in the lead.
In the past, Italian media reported that Elliott and Investcorp were close to reaching an agreement and that the Rossoneri would have a €300 million transfer budget available in the summer if the Bahrain-based fund successfully completed the buyout. However, it remains to be seen whether the current bid from RedBird will have an impact on the situation.
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