Chelsea Signs Christopher Nkunku from Leipzig on 6-Year Deal

French forward Christopher Nkunku gives a press conference during the preparation of the French squad for the upcoming UEFA Euro 2024 football tournament qualifying matches, in Clairefontaine in June 10, 2023. (AFP)
French forward Christopher Nkunku gives a press conference during the preparation of the French squad for the upcoming UEFA Euro 2024 football tournament qualifying matches, in Clairefontaine in June 10, 2023. (AFP)
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Chelsea Signs Christopher Nkunku from Leipzig on 6-Year Deal

French forward Christopher Nkunku gives a press conference during the preparation of the French squad for the upcoming UEFA Euro 2024 football tournament qualifying matches, in Clairefontaine in June 10, 2023. (AFP)
French forward Christopher Nkunku gives a press conference during the preparation of the French squad for the upcoming UEFA Euro 2024 football tournament qualifying matches, in Clairefontaine in June 10, 2023. (AFP)

Chelsea signed France forward Christopher Nkunku from Leipzig on a six-year contract on Tuesday.

The London club spent around $630 million last season and has got its latest recruitment drive up and running with the deal for the highly rated Nkunku. His contract starts on July 1.

”A big effort was made to bring me to the club and I am looking forward to meeting my new coach and teammates and showing the Chelsea supporters what I can do on the pitch," the 25-year-old Nkunku said.

Chelsea endured a miserable first year under new owners Todd Boehly and Clearlake Capital. It recorded its lowest ever points total in the Premier League and missed out on qualification for Europe.

Managers Thomas Tuchel and Graham Potter were discarded and club icon Frank Lampard returned in an interim role to see out the season. Former Tottenham coach Mauricio Pochettino has been appointed and charged with the responsibility of turning around Chelsea's fortunes.

Nkunku is expected to kick off another busy summer at Stamford Bridge.

“Christopher has proved himself one of the standout attacking players in European football over the past two seasons and will add quality, creativity and versatility to our squad,” Chelsea co-sporting directors Laurence Stewart and Paul Winstanley said in a statement.

Nkunku has been capped 10 times by France and played for Paris Saint-Germain before joining Leipzig in 2019.



Soccer-AC Milan Owner Denies Report it is Looking for New Investors

AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)
AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)
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Soccer-AC Milan Owner Denies Report it is Looking for New Investors

AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)
AC Milan's French forward #09 Olivier Giroud (C) makes a heart sign as he celebrates after scoring his team's second goal during the Italian Serie A football match between AC Milan and Salernitana at San Siro Stadium, in Milan on May 25, 2024. as the last match by coach. (AFP)

US investment firm RedBird Capital on Friday denied a report by Italian newspaper La Repubblica saying it was looking to sell a stake in AC Milan, the Italian soccer club it has owned since 2022.

"The reporting by La Repubblica about selling a stake in AC Milan is a complete fabrication. It is wholly untrue," a spokesperson for RedBird said.

RedBird took over the club from US fund Elliott in a 1.2 billion euro ($1.32 billion) buyout, according to Reuters.

La Repubblica said it was partly financed through a vendor loan from Elliott worth 560 million euros due next year, plus RedBird's own investment of 681 million euros.

RedBird was now looking to "rebalance its portfolio" by selling "up to 150 million euros of the initial invested capital of 681 million" at base cost, the newspaper added.

It cited a document for potential new investors prepared by US investment firm Washington Harbour on behalf of RedBird, adding that the file "has been circulating in international financial circles since May".

In an earlier statement which stopped short of a full denial, a RedBird spokesperson had told Reuters that Gerry Cardinale, the founder and managing partner of the fund, "does not know Washington Harbour and the document cited by the newspaper is not attributable to him".

Washington Harbour did not reply to a Reuters request seeking comment over the press report.