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Saudi National Team Wins Arab Diar Championship for West Asian U-19

The Saudi national team qualified to the final match after defeating its Syrian counterpart with a score of 2-0 - SPA
The Saudi national team qualified to the final match after defeating its Syrian counterpart with a score of 2-0 - SPA
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Saudi National Team Wins Arab Diar Championship for West Asian U-19

The Saudi national team qualified to the final match after defeating its Syrian counterpart with a score of 2-0 - SPA
The Saudi national team qualified to the final match after defeating its Syrian counterpart with a score of 2-0 - SPA

The Saudi national team won the Arab Diar Championship for West Asian U-19 team, after defeating UAE 1-0 at the King Fahd Sports City Stadium in Taif Governorate.
The Saudi national team qualified to the final match after defeating its Syrian counterpart with a score of 2-0, while UAE team defeated its Jordanian counterpart with a score of 2-1, SPA reported.
Talal Haji scored the winning goal in the 43rd minute of the first half, after which the Saudi team won the championship cup, and the gold medals, while the UAE team came in second and awarded silver medals.

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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.