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Brazil Midfielder Douglas Luiz becomes Thiago Motta’s First Big Signing at Juventus

Juventus have signed Aston Villa's Brazil midfielder Douglas Luiz © Sameer Al-DOUMY / AFP
Juventus have signed Aston Villa's Brazil midfielder Douglas Luiz © Sameer Al-DOUMY / AFP
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Brazil Midfielder Douglas Luiz becomes Thiago Motta’s First Big Signing at Juventus

Juventus have signed Aston Villa's Brazil midfielder Douglas Luiz © Sameer Al-DOUMY / AFP
Juventus have signed Aston Villa's Brazil midfielder Douglas Luiz © Sameer Al-DOUMY / AFP

Brazil midfielder Douglas Luiz is Thiago Motta’s first big signing at Juventus.

The Turin club announced Sunday that it’s paying a 50 million euro ($54 million) transfer fee for Luiz, who is currently playing for Brazil at the Copa America, and signed him to a five-year contract.

Motta, who coached Bologna to a Champions League spot, was recently named Juventus coach after Massimiliano Allegri was fired.

Luiz joins Juventus from Aston Villa, where he scored 22 goals and provided 24 assists in 204 appearances.

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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.