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  4. AC Milan
AC Milan logo
Sports

Who Owns AC Milan?

AC Milan is owned by AC Milan S.p.A., controlled by American investment fund RedBird Capital Partners, led by founder and managing partner Gerry Cardinale. RedBird acquired an 86.5 percent majority stake in the club in August 2022 from Elliott Management Corporation for approximately 1.2 billion euros. The club is headquartered in Milan, Lombardy, Italy and competes in Serie A, Italy's top professional football division.

Parent Company

RedBird Capital Partners

Acquired

2022

Status

Private

Headquarters

Milan, Lombardy, Italy

AC Milan Timeline

1899

AC Milan

Founded by Herbert Kilpin, Alfred Edwards

Founded
2022
Acquired by RedBird Capital Partners

RedBird Capital Partners acquired AC Milan

Acquired
premiumpremiumGlobalall-agesOfficial Website

Who Owns AC Milan?

  • Parent Company: RedBird Capital Partners
  • Ownership Type: Wholly owned
  • Acquisition Year: 2022
  • Company Type: Privately Held
BrandParent CompanyOwnership Type
AC MilanRedBird Capital PartnersWholly owned

Where to Buy

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AmazonAC Milan on Amazon

History of AC Milan

  • Founded: 1899
  • Founders: Herbert Kilpin, Alfred Edwards
  • Acquired by RedBird Capital Partners: 2022

AC Milan was founded on December 16, 1899, by a group of English and Italian sportsmen in Milan, with Herbert Kilpin and Alfred Edwards among the principal founders. The club was initially named Milan Cricket and Football Club, reflecting the British origins of many founding members. Kilpin, a butcher by trade who had emigrated from Nottingham to Turin and later Milan, became the club's first captain and was instrumental in establishing its early competitive culture. The founding meeting took place at the Fiaschetteria Toscana restaurant in Milan, a location now recognized as a historical landmark in Italian football.

In its first decade, AC Milan established itself as a force in Italian football, winning the Italian football championship in 1901, 1906, and 1907. The club adopted its distinctive red and black striped jersey during this early period, with the colors chosen to represent fire and fear according to club lore. In 1908, a dispute over the signing of foreign players led a faction of members, mostly Swiss and Italian, to break away and form the Football Club Internazionale Milano, creating one of football's most enduring rivalries.

The interwar period saw AC Milan compete with fluctuating success in Italian football, which came under the influence of the Fascist government during the 1930s. The club was briefly renamed Milan Associazione Sportiva, and the English word "Milan" was replaced with the Italian "Milano" in some official contexts during this period, though the club subsequently reverted to its original naming conventions.

AC Milan's post-war era began a period of gradual ascent. The club won consecutive Serie A titles in 1955 and 1957, and its first European Cup in 1963, defeating Benfica 2-1 in the final in Wembley. This triumph marked AC Milan's arrival as a continental power and was followed by a second European Cup in 1969. Through the 1970s and early 1980s, the club faced internal financial difficulties and was twice relegated from Serie A amid match-fixing investigations.

The transformative era of modern AC Milan began in 1986 when Silvio Berlusconi, the Italian media magnate and future Prime Minister of Italy, acquired the club. Berlusconi's investment and the appointment of Arrigo Sacchi as manager in 1987 initiated the club's most successful period. Sacchi's tactically innovative 4-4-2 pressing system, powered by the Dutch trio of Ruud Gullit, Marco van Basten, and Frank Rijkaard alongside an Italian defensive core including Paolo Maldini and Franco Baresi, won back-to-back European Cups in 1989 and 1990, along with two Serie A titles.

Sacchi's successor Fabio Capello maintained excellence through the 1990s, winning four Serie A titles between 1992 and 1999 and a Champions League in 1994. The appointment of Carlo Ancelotti as manager in 2001 initiated a second period of European dominance, culminating in Champions League victories in 2003 (via a penalty shootout against Juventus) and 2007 (defeating Liverpool 2-1 in Athens). The club's last Serie A title under Berlusconi came in 2011.

Following declining on-field performance and mounting debt, Berlusconi sold the club in April 2017 to a Chinese consortium led by Yonghong Li for approximately €740 million. Li defaulted on repayment obligations to Elliott Management Corporation in July 2018, triggering Elliott's acquisition of the club. Elliott stabilized the club's finances, reduced its debt burden, and positioned it for sale, completing the transfer to RedBird Capital Partners in August 2022. Under both Elliott and RedBird, AC Milan returned to sustained Champions League competition, winning the Serie A title in the 2021-22 season, its first domestic championship in 11 years.

About RedBird Capital Partners

What is RedBird Capital Partners?

RedBird Capital Partners is a private investment firm founded in 2014 by Gerry Cardinale, headquartered in New York City. The firm manages over $12 billion in assets and specializes in sports, media, entertainment, financial services, and technology investments. RedBird operates as a permanent capital vehicle, allowing it to hold investments for extended periods without pressure to exit. Its portfolio includes AC Milan, a stake in Fenway Sports Group, the United Football League, and financing for Skydance's acquisition of Paramount Global.

Who owns RedBird Capital Partners?

RedBird Capital Partners is owned by founder Gerry Cardinale and the firm's partners. Cardinale serves as Founder and Managing Partner. The firm's investment funds are capitalized by institutional investors, including pension funds, endowments, and sovereign wealth funds, who commit capital as limited partners. These limited partners do not own the firm itself but participate in its investment returns. RedBird is not publicly traded.

Does RedBird own AC Milan?

Yes, RedBird acquired AC Milan in August 2022 for approximately €1.2 billion ($1.2 billion) from Elliott Management. RedBird holds majority ownership of the club. Since the acquisition, RedBird has installed a new management team led by CEO Giorgio Furlani and invested in data analytics, commercial partnerships, and stadium development plans. AC Milan won the Serie A title in 2021-22 under Elliott's ownership and has since returned to the Champions League under RedBird's ownership.

What else does RedBird own?

RedBird holds a minority stake in Fenway Sports Group, which owns Liverpool FC, the Boston Red Sox, and the Pittsburgh Penguins. RedBird owns the United Football League, created through a 2023 merger of the XFL and USFL. RedBird provided financing for Skydance Media's 2025 acquisition of Paramount Global. Other investments include YES Network, SpringHill Company (founded by LeBron James), and OneTeam Partners (player licensing rights for NFL and MLB).

Who is Gerry Cardinale?

Gerry Cardinale is the founder and managing partner of RedBird Capital Partners. Before founding RedBird in 2014, Cardinale spent 20 years at Goldman Sachs, where he ran the Alternative Investments business for the Merchant Banking Division. At Goldman, he structured deals including the creation of the YES Network and the founding of Legends Hospitality. Cardinale is known for his deep relationships with sports franchise owners and media executives, which form the basis of RedBird's investment network.

How much does RedBird manage?

RedBird manages over $12 billion in assets as of 2025. This capital is committed by institutional investors across multiple funds and permanent capital vehicles. The firm charges management fees on assets under management and earns carried interest on profitable investment exits. Specific financial results are not publicly disclosed, as RedBird is a private firm not subject to SEC reporting requirements.

  • Founded: 2014
  • Headquarters: New York City, New York, USA
  • Company Type: Privately Held
  • Revenue: Not publicly disclosed (private firm)

Visit RedBird Capital Partners website

View full company profile for RedBird Capital Partners

Where Is AC Milan Made / Based?

  • Headquarters: Milan, Lombardy, Italy
  • Manufacturing / Operations: Milan, Lombardy, Italy (administrative offices at Via Aldo Rossi 8), Carnago, Varese, Italy (Milanello training facility), San Siro district, Milan, Italy (Stadio Giuseppe Meazza match venue)

AC Milan Categories & Tags

FootballSerie AItalian FootballMilanSports Club

AC Milan Sustainability & Ethics

AC Milan has been publishing annual sustainability reports since the 2012/13 season, making it the first Italian football club to do so. The club has committed to achieving carbon neutrality in its operations by 2040, in line with the city of Milan's climate objectives.

Environmental Sustainability: AC Milan has implemented significant environmental initiatives aimed at reducing the club's carbon footprint and promoting sustainable operations. The club has focused on energy efficiency improvements at San Siro Stadium, including LED lighting installations and renewable energy integration. AC Milan's sustainability reports outline specific targets for carbon reduction, waste management, and water conservation across all operations. The club has committed to achieving carbon neutrality in its operations by 2040, aligning with broader European football sustainability goals and the climate objectives of the city of Milan.

Sustainable Stadium Operations: San Siro Stadium serves as AC Milan's primary venue for environmental innovation. The club has implemented comprehensive waste reduction programs, including plastic elimination initiatives and enhanced recycling systems that have significantly reduced the stadium's environmental impact. Energy efficiency measures include solar panel installations on stadium facilities and optimization of heating and cooling systems. Water conservation programs have been implemented throughout the stadium, reducing consumption by an estimated 30% through efficient fixtures and rainwater harvesting systems.

Community Engagement and Social Responsibility: Through Fondazione Milan, established in 2003, AC Milan operates extensive community engagement programs focused on youth development, education, and social inclusion. The foundation provides opportunities for young people globally to develop their talents through sports, education, and cultural programs. AC Milan players and staff regularly participate in community outreach initiatives, supporting local schools, hospitals, and social organizations in Milan and beyond. The club's social impact programs have reached over 100,000 beneficiaries annually, demonstrating football's power to drive positive social change.

Ethical Governance and Transparency: AC Milan maintains high standards of corporate governance, implementing comprehensive ethics and compliance programs throughout the organization. The club's sustainability reporting provides stakeholders with detailed insights into ESG performance, including environmental metrics, social impact assessments, and governance frameworks. AC Milan has established supplier codes of conduct emphasizing ethical labor practices, environmental responsibility, and anti-corruption measures throughout its supply chain.

Player Welfare and Development: The club prioritizes player welfare through comprehensive health and safety programs, mental health support services, and career development initiatives. AC Milan's youth academy emphasizes not only athletic development but also education and personal growth, ensuring young players receive holistic preparation for life beyond football. The club's approach to player development reflects its commitment to ethical treatment of athletes and long-term career sustainability.

Awards & Recognition

AC Milan has established itself as one of the most decorated football clubs globally, with a trophy cabinet containing 50 major honors as of 2025, including recent domestic and international achievements that reinforce the club's continued competitive relevance.

Recent Trophy Success (2025): AC Milan secured its most recent trophy on January 6, 2025, defeating Inter Milan 2-1 in the Supercoppa Italiana final held in Riyadh, Saudi Arabia. This victory marked the club's eighth Supercoppa Italiana title and demonstrated the team's continued ability to win silverware under manager Sérgio Conceição. The triumph was particularly significant as it came against their Milan rivals, reinforcing AC Milan's status as a dominant force in Italian football.

Historical Trophy Achievement: AC Milan's trophy collection includes 19 Serie A titles (Scudetti), 7 Champions League trophies, 5 Coppe Italia, and 8 Supercoppe Italiane, making them one of Italy's most successful clubs and among Europe's elite. The club's seven Champions League victories place them second only to Real Madrid in European competition history, with triumphs spanning multiple eras from 1963 to 2007.

Individual Player Recognition: AC Milan players have earned the prestigious Ballon d'Or award on eight occasions while representing the club, highlighting the individual talent nurtured at Milan. Notable winners include Gianni Rivera (1969), Ruud Gullit (1987), Marco van Basten (1988, 1989, 1992), George Weah (1995), Andriy Shevchenko (2004), and Ricardo Kaká (2007). This record demonstrates the club's tradition of developing and attracting world-class talent.

Coaching Excellence: Legendary coach Nereo Rocco remains AC Milan's most successful manager, having won 10 trophies during his tenure with the club across multiple periods from 1961 to 1977. Rocco's success established the foundation for Milan's tactical philosophy and winning culture that continues to influence the club today. Recent managers have built upon this legacy while adapting to modern football's evolving tactical demands.

European Dominance: AC Milan's European success includes five UEFA Super Cups and three Intercontinental Cups, demonstrating the club's consistent performance at the highest level of continental competition. The club's ability to win across different European competitions showcases tactical flexibility and sustained excellence over decades of competition.

Domestic Cup Success: Beyond league titles, AC Milan's five Coppa Italia victories and eight Supercoppa Italiana triumphs demonstrate consistent domestic cup performance. The recent 2025 Supercoppa victory continued this tradition of cup success, with the club regularly competing for and winning domestic honors across different eras.

World Championship Recognition: AC Milan has been crowned world champions on four occasions, winning the Intercontinental Cup three times (1969, 1989, 1990) and the FIFA Club World Cup once (2007). These victories established Milan as a global football brand and demonstrated the club's ability to compete successfully against champions from other continents.

Sustainability and Community Awards: Under RedBird ownership, AC Milan has received recognition for environmental sustainability initiatives and community engagement programs. The club's efforts in reducing carbon footprint, promoting youth football development, and supporting local communities have been acknowledged by football governing bodies and sustainability organizations.

Financial and Commercial Recognition: AC Milan consistently ranks among the world's most valuable football brands, appearing in the Deloitte Football Money League top 10 and receiving recognition for commercial growth and brand development. The club's global fan base and commercial partnerships have been acknowledged by sports business publications and industry analysts.

AC Milan Recalls & Controversies

AC Milan has faced several significant controversies throughout its history, including match-fixing scandals, ownership disputes, and governance challenges that have impacted the club's reputation and operations.

Totonero Match-Fixing Scandal (1980): AC Milan was involved in the Totonero betting scandal, one of Italian football's most serious corruption cases. The club was found guilty of participating in a systematic match-fixing scheme and was relegated to Serie B for the 1980-81 season as punishment. Several players and officials received lengthy bans, and the scandal remains a significant blemish on the club's institutional record. AC Milan returned to Serie A the following season but the episode damaged the club's reputation for years.

Calciopoli Scandal (2006): AC Milan was implicated in the Calciopoli investigation into alleged telephone conversations between club officials and referee designators. While Juventus received the most severe punishment and was relegated to Serie B, AC Milan was deducted points from the 2005-06 season and had eight points deducted from the following season. The club retained its Champions League place but the investigation revealed improper conduct in Italian football governance. AC Milan maintained it received preferential treatment compared to Juventus, though the verdict remains disputed.

Chinese Ownership Financial Instability (2017-2018): The period of Chinese ownership under Yonghong Li was marked by financial instability and governance challenges. Li had financed the €740 million acquisition largely through high-interest debt and struggled to meet UEFA Financial Fair Play requirements. UEFA excluded AC Milan from the 2018-19 Europa League as a consequence, though this decision was later overturned by the Court of Arbitration for Sport. Elliott Management's takeover following Li's loan default in 2018 stabilized the club but highlighted risks in football ownership structures.

Transfer Market Controversies: AC Milan has faced scrutiny over transfer market practices, particularly regarding agent fees and third-party ownership arrangements. The club has been investigated by Italian football authorities for compliance with transfer regulations, though no major sanctions have been imposed in recent years.

Stadium Disputes: AC Milan's ongoing stadium project with Inter Milan has faced controversy regarding the future of the historic San Siro stadium. Preservation groups and some fans have opposed demolition plans, while the clubs have faced challenges in securing municipal approval for the new stadium project. These disputes reflect tensions between modernization and heritage preservation in football infrastructure.

Player Conduct Issues: Like many major football clubs, AC Milan has faced controversies related to player conduct both on and off the field. The club has had to address disciplinary issues with players and manage public relations challenges arising from player behavior, reflecting broader challenges in modern football management.

AC Milan Ownership: Pros & Cons

Advantages

  • +Backing from RedBird Capital Partners, an experienced sports investment firm with portfolio synergies across global football clubs
  • +Financial resources to invest in squad upgrades and stadium project development
  • +Professional management approach with global sports industry expertise from the Fenway Sports Group relationship
  • +Strategic vision for digital fan engagement and international commercial market expansion
  • +Access to RedBird's broader sports network for cross-promotional and partnership opportunities

Considerations

  • -Investment fund ownership may prioritize financial returns, creating tension with the club's on-field ambitions and competitive spending
  • -Pressure to generate commercial returns to justify the approximately 1.2 billion euro acquisition price
  • -Competition with wealthier Italian clubs (Inter Milan, Juventus) and European clubs for top talent acquisition
  • -Ongoing uncertainty around the planned new San Siro stadium project adds long-term infrastructure risk
  • -Minority stake retained by Elliott Management Corporation introduces some governance complexity

Frequently Asked Questions About AC Milan

Sources & Further Reading

  • AC Milan Official Website -
  • AC Milan Sustainability Reports -
  • Fondazione Milan -
  • AC Milan Official Trophy Cabinet -
  • Deloitte Football Money League 2024 -
  • RedBird Capital Partners Portfolio -
  • Wikidata Entry for AC Milan -
  • UEFA Club Profile: AC Milan -
  • Serie A Official Website -
  • Italian Football Federation (FIGC) -

Competitors to AC Milan

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Competitive Analysis

Market Positioning: AC Milan competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

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Last reviewed: May 25, 2026 · Reviewed by Who Brands Editorial Team