Davis Polk, Gibson Dunn Net €1.2B Private Equity Sale of AC Milan Football Club

Davis Polk & Wardwell and Gibson, Dunn & Crutcher are advising longtime private equity clients Elliott Advisors U.K. and RedBird Capital Partners on the sale of AC Milan Football Club—the latest example of the growing presence of private capital in professional sports in Europe.

The deal, which values the club at €1.2 billion, will see RedBird take majority control from Elliott Advisors, which has owned AC Milan since 2018.

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