Official: Milan sold to RedBird for €1.2 billion

RedBird Capital Partners ("RedBird") today announced that it has completed the acquisition of Associazione Calcio Milan ("AC Milan", "Milan" or the "club") for €1.2 billion.

For one hundred and twenty three years AC Milan has been synonymous with championship level football. Since its founding in 1899, AC Milan has won 19 Serie A Championships, 7 Champions Leagues/European Cups, 7 Supercoppa Italianas, 5 Coppa Italias, 5 European Super Cups, 3 Intercontinental Cups, 2 European Cup Winners' Cups, and 1 FIFA Club World Cup.

As the new owner of AC Milan, RedBird will continue to invest in all the key areas that will advance the Club's sporting and commercial interests, building on last season's achievements that culminated in the club's Serie A championship. RedBird's experience in operating and building global sports businesses will ensure that the next chapter in AC Milan’s storied history will build on its current momentum.

Priority areas of focus include supporting the club's sporting and business leadership to ensure that the team is consistently competitive at the highest levels of football; ensuring that it has the infrastructure and facilities befitting one of the world's most prominent sporting organisations; and strengthening the Club’s women’s and youth teams, as well as its charitable arm, Fondazione Milan.