The US-based private equity firm Red Bird Capital Partners exited the project yesterday, Friday. The news broke at the end of the trading day. The company, known for its investments in sports and technology, decided to cease its involvement in the enterprise. The reasons for the exit have not been disclosed, though analysts speculate it is linked to the changing market conditions. Representatives of Red Bird Capital Partners declined to comment. Meanwhile, sources familiar with the matter report that the company will focus on other assets that show greater growth potential. The decision may impact the project's partners, who will now need to find a new investor or reassess their strategic objectives.
