Brazil Hires Diniz as National Team Coach for 1 Year, Waits for Ancelotti 

Fluminense's coach Fernando Diniz gestures during the Copa Libertadores group stage football match between Fluminense and The Strongest at the Maracana stadium in Rio de Janeiro, Brazil, on April 18, 2023. (AFP)
Fluminense's coach Fernando Diniz gestures during the Copa Libertadores group stage football match between Fluminense and The Strongest at the Maracana stadium in Rio de Janeiro, Brazil, on April 18, 2023. (AFP)
TT

Brazil Hires Diniz as National Team Coach for 1 Year, Waits for Ancelotti 

Fluminense's coach Fernando Diniz gestures during the Copa Libertadores group stage football match between Fluminense and The Strongest at the Maracana stadium in Rio de Janeiro, Brazil, on April 18, 2023. (AFP)
Fluminense's coach Fernando Diniz gestures during the Copa Libertadores group stage football match between Fluminense and The Strongest at the Maracana stadium in Rio de Janeiro, Brazil, on April 18, 2023. (AFP)

Fernando Diniz has been hired as head coach of Brazil’s national team on a 12-month contract that will be due to expire when Carlo Ancelotti’s deal with Real Madrid ends.

The 49-year-old Fluminense coach will keep his job at the Rio de Janeiro club. He takes over from Ramon Menezes, who led the team into this year’s friendlies on an interim basis.

Brazil is yet to appoint a long-term coach to replace Tite, who left the job after a quarterfinal loss to Croatia in the 2022 World Cup at Qatar.

Diniz will be introduced in a news conference Wednesday at the Brazilian soccer confederation headquarters in Rio de Janeiro.

“This is a dream for anyone, an honor and a huge pride to work for the national team,” Diniz said in a video release, wearing a Brazil jacket. “It is a joint operation of the Brazilian soccer confederation and Fluminense. I have the conviction that we have everything to take this one and make it work.”

The Brazilian soccer confederation was expected to release more details of the deal later Tuesday.

Ednaldo Rodrigues, the chairman of the Brazilian soccer confederation, told TV Globo that Diniz, a favorite among players, will step in until Ancelotti joins. The Real Madrid coach has not confirmed any deal with Brazil so far.

Diniz' “game plan is almost similar to that of the coach that will take over at Copa America, Ancelotti,” Rodrigues said. “We don't call him an interim coach of the national team. He will come and make the transition in Brazil for Ancelotti.”

Copa America will be played in the United States from June 11 to July 19.



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)
TT

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.