The new owners of Milan have made great promises, immediately after the agreement was reached for the sale-purchase of the Italian club for 1.2 billion euros.

RedBird Capital took ownership of the new Italian champions from Elliott Advisors, who have held a small stake and will have board seats.

The new owners, who will take over the club from September, promise to bring the Italian club back to the top of world football, the same as in the early 2000s.

“RedBird’s priority is to work with the title winners and the club’s management to continue Milan’s journey back to the top of European football. A combination of a successful team on the pitch, player development and reinforcements, a high-level commercial operation and RedBird’s experience in operating and building global sports businesses, will ensure that the new chapter in Milan’s glorious history will send the Red and Blacks to even greater heights,” reads the RedBird statement.

RedBird Founder founder and managing partner Gerry Cardinale added:

“We are honored to be part of Milan’s great history and we look forward to taking on the role in the club’s new chapter until they return to the right place at the helm of Italian, European and world football.”