عربي English Türkçe اردو فارسى
Logo
Latest News
Sports

Saudi Sport School Federation Participates in Interamnia World Cup 2023 in Italy

Interamnia Youth Club World Cup logo.
Interamnia Youth Club World Cup logo.
TT
TT

Saudi Sport School Federation Participates in Interamnia World Cup 2023 in Italy

Interamnia Youth Club World Cup logo.
Interamnia Youth Club World Cup logo.

The Saudi Sport School Federation team is taking part in the Interamnia World Cup international handball tournament for under 16 in Teramo, Italy, which lasts until July 15, 2023.

The Saudi team is slated to play its first match against the Italian team Palermo on Sunday, said SPA.

President of the Saudi Federation for School Sports Ali bin Mohammed Al-Shuailan said that the school team delegation consists of 25 players and administrators, representing an elite group of trained students qualified to compete in international matches.

The Saudi School Sports Federation participated in the last edition of the Arab School Championship, held in Cairo, where it came second in the handball tournament.

Most Viewed

 
 
Sports

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
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.