Milan CEO Giorgio Furlani has said that there is ‘no truth’ behind rumours of a partnership between the current Rossoneri owners and the Saudi Public Investment Fund (PIF), who also own Premier League side Newcastle.
Furlani said that reports of an agreement with PIF are purely ‘speculation’ and that RedBird Capital managing partner Gerry Cardinale is focused on bringing results to Milan.
Reports from Il Sole 24 Ore began to surface on Wednesday, claiming that Cardinale is in talks with PIF over a potential sale of the club’s minority shares.
La Gazzetta dello Sport reported on Thursday that an agreement between Milan and PIF would not be particularly straightforward, largely due to their involvement with Newcastle and what that could mean relating to the rules of participation in European competitions.
Furlani, who spoke to Sky Sport Italia prior to kick off between Milan and Slavia Praha in the Europa League on Thursday evening, said that there is nothing worth reading into from the reports over the last two days.
When asked about recent comments made by Cardinale at the Business of Football Summit in London, Furlani said: “I was with him before, during and after his interview.
“I would encourage people to re-read the interview in English. He talks about innovation, about looking ahead and about growth. That’s what we’re working for, to improve ourselves,” Furlani said to Sky, reported via TMW.
“We are focussed on bringing results to Milan. This is just speculation, there is no truth.”