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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.

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No. 1 Iga Swiatek Parts Ways with Coach after 3 Trophy-laden Years Together

FILE - Poland's Iga Swiatek and her coach Tomasz Wiktorowski hold the trophy after Swiatek won the women's final of the French Open tennis tournament against Italy's Jasmine Paolini at the Roland Garros stadium in Paris, France, Saturday, June 8, 2024. (AP Photo/Thibault Camus, File)
FILE - Poland's Iga Swiatek and her coach Tomasz Wiktorowski hold the trophy after Swiatek won the women's final of the French Open tennis tournament against Italy's Jasmine Paolini at the Roland Garros stadium in Paris, France, Saturday, June 8, 2024. (AP Photo/Thibault Camus, File)
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No. 1 Iga Swiatek Parts Ways with Coach after 3 Trophy-laden Years Together

FILE - Poland's Iga Swiatek and her coach Tomasz Wiktorowski hold the trophy after Swiatek won the women's final of the French Open tennis tournament against Italy's Jasmine Paolini at the Roland Garros stadium in Paris, France, Saturday, June 8, 2024. (AP Photo/Thibault Camus, File)
FILE - Poland's Iga Swiatek and her coach Tomasz Wiktorowski hold the trophy after Swiatek won the women's final of the French Open tennis tournament against Italy's Jasmine Paolini at the Roland Garros stadium in Paris, France, Saturday, June 8, 2024. (AP Photo/Thibault Camus, File)

Top-ranked Iga Swiatek is separating from her coach Tomasz Wiktorowski.
The Polish tennis player announced the split Friday, saying the decision was taken together.
During the three years Swiatek worked with Wiktorowski, the Polish player won four of her five Grand Slam titles and rose to the top of the women’s rankings.
“After 3 years of the greatest achievements in my career, together with my coach Tomasz Wiktorowski we decided to part way,” Swiatek wrote in a post on Instagram. “I want to start with a big thank you and appreciating our work together.”
Swiatek appointed Wiktorowski as coach at the end of the 2021 season. He helped her capture 19 of her 22 career titles and an Olympic bronze medal in Paris in August.
“Coach Wiktorowski joined my team for three seasons, when I strongly needed changes and a fresh approach to my game,” Swiatek continued. “His experience, analytical and strategic attitude and enormous knowledge about tennis helped us to achieve things I’ve never dreamed of only a few months after we started working together.
“Our main goal was to become No. 1 player in the world and coach Wiktorowski was the one who said it first," The Associated Press quoted her as saying.
Swiatek hasn’t competed since losing to Jessica Pegula in the quarterfinals of the US Open.
She withdrew from this week’s China Open in Beijing — where she would have been defending champion — citing personal reasons. The 23-year-old Swiatek also pulled out of the recent Korea Open in Seoul, citing fatigue.
“Due to this important change on my team, I give myself a couple of weeks to start a cooperation with a new coach,” Swiatek wrote. “I’m in the middle of first talks with coaches from abroad (non-Polish) because I’m ready to take the next step of my career. I will let you know when I make a decision.”
Wiktorowski was voted the WTA’s Coach of the Year by his peers last year.
“Coach, THANK YOU, I wish you all the best,” Swiatek wrote. “I know that you would like to rest after these 3 years of hard work and traveling a lot and spending some well-deserved time with your loved ones and I hope you’ll get what you need.”