Union Berlin Signs David Datro Fofana on Loan from Chelsea for Next Season 

Molde's then player David Datro Fofana celebrates during the Europa League match between Molde and 1899 Hoffenheim in Villarreal, Spain, Feb. 18, 2021. (AP)
Molde's then player David Datro Fofana celebrates during the Europa League match between Molde and 1899 Hoffenheim in Villarreal, Spain, Feb. 18, 2021. (AP)
TT

Union Berlin Signs David Datro Fofana on Loan from Chelsea for Next Season 

Molde's then player David Datro Fofana celebrates during the Europa League match between Molde and 1899 Hoffenheim in Villarreal, Spain, Feb. 18, 2021. (AP)
Molde's then player David Datro Fofana celebrates during the Europa League match between Molde and 1899 Hoffenheim in Villarreal, Spain, Feb. 18, 2021. (AP)

Union Berlin bolstered its Champions League preparations on Tuesday by signing Ivorian forward David Datro Fofana from Chelsea on loan for next season.

The 20-year-old Fofana rarely played for Chelsea after the English Premier League club signed him for a reported fee of around 12 million euros ($13.1 million) from Norwegian team Molde FK in January. He made only three short league appearances for Chelsea.

Union hopes to give him more chances to shine in the Bundesliga.

“David’s speed and his flexible offensive qualities are highly interesting for us,” Union sporting director Oliver Ruhnert said. “We want another goal-scoring player who will give our attacking game additional impetus.”

Fofana is Ruhnert’s second signing in three days from English clubs following United States midfielder Brenden Aaronson’s arrival on loan from Leeds on Sunday.

Union, which was promoted to the Bundesliga for the first time only in 2019, finished fourth in the league last season to clinch Champions League qualification for the first time. It will play its European games at Olympiastadion, a venue traditionally used by city rival Hertha Berlin. Hertha was relegated from the Bundesliga last season.



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.