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Al-Ittihad to Meet New Zealand’s Auckland City in First Match of 2023 FIFA Club World Cup

(FILES) Ittihad's French forward #09 Karim Benzema reacts during the Saudi Pro League football match between Al-Ittihad and Al-Riyadh at the Prince Faisal Bin Fahd stadium in Riyadh on August 24, 2023. (Photo by Fayez NURELDINE / AFP)
(FILES) Ittihad's French forward #09 Karim Benzema reacts during the Saudi Pro League football match between Al-Ittihad and Al-Riyadh at the Prince Faisal Bin Fahd stadium in Riyadh on August 24, 2023. (Photo by Fayez NURELDINE / AFP)
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Al-Ittihad to Meet New Zealand’s Auckland City in First Match of 2023 FIFA Club World Cup

(FILES) Ittihad's French forward #09 Karim Benzema reacts during the Saudi Pro League football match between Al-Ittihad and Al-Riyadh at the Prince Faisal Bin Fahd stadium in Riyadh on August 24, 2023. (Photo by Fayez NURELDINE / AFP)
(FILES) Ittihad's French forward #09 Karim Benzema reacts during the Saudi Pro League football match between Al-Ittihad and Al-Riyadh at the Prince Faisal Bin Fahd stadium in Riyadh on August 24, 2023. (Photo by Fayez NURELDINE / AFP)

Al-Ittihad football team of Saudi Arabia is set to meet on Tuesday evening, December 12, Auckland City Football Club of New Zealand, in the opening of the 20th edition of the 2023 FIFA Club World Cup, to be held at King Abdullah Sports City Stadium in Jeddah, SPA said on Tuesday.
Led by French striker Karim Benzema and his compatriot N’Golo Kante, Jeddah-based Al-Ittihad enters this confrontation armed with prominent and distinguished players with great experience, local and regional record and a high technical level.
The Saudi fans in general, and Al-Ittihad in particular, are looking forward to Tuesday’s match, in view of the constellation of stars who represent them on the field, technically led by Argentine coach Gallardo, and with the advantage of playing at home. Indeed, the Saudi sports fans wish their team achieve a positive result, enabling it to make further progress in the event which witnesses the participation of seven teams: England’s Manchester City, Egypt’s Al-Ahly, Japan’s Urawa Reds, Brazil’s Fluminense, Mexico’s Club Leon, and New Zealand’s Auckland City.

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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)
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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.