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RedBird Capital finalises €1.2bn deal to acquire AC Milan 

Gerry Cardinale, RedBird founder and managing partner (Photo by RedBird Capital)

RedBird Capital has agreed terms on a deal to acquire recently-crowned Italian football champion AC Milan from fellow US investment group Elliott Management.

The deal values AC Milan at €1.2bn ($1.28bn/£1bn) and will see Elliott retain a minority financial interest in the club, as well as seats on its board of directors.

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