Decision weakens a separate probe by a Milan prosecutor into hedge fund’s sale to RedBird
US firm is battling former Italian partners, prosecutors and police over €1.2bn sale of football club in 2022
Investigation into potential irregularities over 2022 deal between Elliott Management and private equity group RedBird
Move to construct ‘American-like’ arena comes amid effort to boost club’s match day revenues
Also in this week’s newsletter, the Detroit Lions roar back and Real Madrid top football rich list
Former centre-forward will use his 123mn social media followers to expand club’s international brand
Plus, the football factories profiting from frantic transfers, an interview with UFC president Dana White, and more.
Announcement comes as US group RedBird prepares to close acquisition of Italian football club
Plus, takeaways from the $4.65bn Denver Broncos sale, the inside story of Elliott’s AC Milan sale, and more
US investment firm RedBird has bought a club that enjoyed an unexpected recovery under hedge fund Elliott Management
Plus, why the Formula One turnround isn’t over, France’s Champions League fiasco, and more
Deal follows Serie A title win and caps turnround under activist investor’s ownership
Rival bidder RedBird the lead contender to acquire Serie A’s top football club
Private investment firm challenges asset manager Investcorp in €1bn takeover battle
Asset manager seeks deal with US hedge fund that could value Italian club at more than €1bn
Crypto sponsorship deals could be an indicator of irrational exuberance
JPMorgan provides funding as football elite make binding agreement to launch breakaway competition
Liverpool, Barcelona and Juventus among elite teams to join rival to Champions League
Welcome to Due Diligence, the FT’s daily deals briefing
The feared fund has made one of its most high-profile and risky investments in the Italian club
Uefa drops further action over financial fair play breaches after Italian club’s move
From Pernod Ricard to AC Milan, the hedge fund has breached traditional defences
Complex debt arrangement in acquisition of club became key to ownership
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