According to Sky Sports UK, Liverpool’s minority shareholders RedBird Capital Partners have made a €1 billion bid to buy Milan.
The Rossoneri owners Elliott are in talks with Bahrain-based fund Investcorp over a €1.18 billion takeover, but the exclusive negotiation period is believed to have ended at the beginning of May.
According to Sky Sports UK, RedBird Capital Partners have joined the race to buy the Rossoneri, making an offer in the region of €1 billion. RedBird acquired a 10% stake in Liverpool last year for €750m.
Investcorp’s offer is higher than the last one received by Elliott, but RedBird Capital is now in the race.
Previous reports in Italy suggested that Elliott and Investcorp were close to reaching an agreement and that the Rossoneri will have a €300m transfer budget in the summer if the Bahrain-based fund completes the takeover. It remains to be seen if the latest bid from RedBird will change the scenario.