U.S firm RedBird is set to buy Italian giants AC Milan from hedge fund Elliott.
The deal for the Serie A champions is almost finalised.
Asset nvestment manager Investcorp was also interested in the purchase of the seven-time European champions club but was in disagreement with some of the issues.
Italian newspaper Il Sole 24 Ore said that RedBird was reaching a deal to buy the club for 1.3 billion Euros ($1.39 billion).
Redbirds portfolio includes Fenway Sports Group, French soccer club Toulouse, Boston Red Sox and Premier League giants Liverpool.
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