Football

Soccer-RedBird frontrunner for AC Milan deal after Investcorp hits pause

By Simon Evans and Elvira Pollina
Soccer Football - Serie A - AC Milan v Atalanta - San Siro, Milan, Italy - May 15, 2022 General view of AC Milan fans outside the stadium as the team bus arrives ahead of the match REUTERS/Daniele Mascolo

(Reuters) -Asset manager Investcorp has put on hold its plans to purchase Italian soccer club AC Milan, a source with knowledge of the talks told Reuters on Friday, clearing the way for U.S. investment firm RedBird to pursue a deal.

The source said that in talks with Milan's owners, U.S fund Elliott, Investcorp "couldn’t agree with them on the resolution of a certain matter".

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