Multiple reports suggest that RedBird Capital CEO Gerry Cardinale is seeking new minority investors in Milan.
According to suggestions from La Verita on Thursday morning, Milan will soon have to repay a loan of around €550m granted by previous owners Elliott Management at the time of the club’s sale in June 2022.
The loan, including interest, is due to be repaid by August 2025, however, La Verita indicates that Elliott, specifically the Singer family who control the investment firm, have requested that it be repaid sooner rather than later.
This is one of the main reasons why Cardinale is on the lookout for new investors in the Rossoneri.
There have also been suggestions from La Verita that a new stadium owned entirely by the club would massively boost Milan’s financial evaluations, which is a project that would be made easier with new investors.
Recent reports elsewhere confirm that Cardinale has recently held meetings in Bahrain alongside Milan CEO Giorgio Furlani.
Calciomercato.com report that the Rossoneri representatives have had talks with Investcorp, who had enquired about a full purchase of Milan around the time of the clubs sale by Elliott.
The outlet claim that Cardinale is not looking to sell his shares in Milan. Any change of control at the top of the club would be considered a longer-term project.
La Verita’s report suggests that Cardinale and Milan are seeking investment to the sum of around €1 billion.