According to La Gazzetta dello Sport, RedBird Capital Partners’ chief Gerry Cardinale will arrive in Italy today to sign a preliminary agreement with Elliott and meet Paolo Maldini.

Milan‘s takeover is nearly completed as RedBird and Elliott have reached an agreement which will see the American fund acquire the Italian champions for circa €1.3 billion.

As per La Gazzetta dello Sport newspaper, the first formal step will be taken today, with RedBird’s chief Gerry Cardinale signing a preliminary agreement with Elliott.

It doesn’t mean that the deal is complete, as it will take two more months to finalise the agreement. However, Cardinale is already planning ahead and will meet Maldini later this week, probably on Wednesday or Thursday.

He will discuss the club’s transfer plans for the summer and a contract extension for Maldini, who vented his frustration at the weekend, saying that Elliott representatives hadn’t sat down with him or Ricky Massara to extend their expiring contracts. Both directors are expected to remain at the club after building a team that won the first Serie A title in 11 years.

7 thought on “Milan takeover: Cardinale to sign preliminary agreement and meet Maldini”
  1. Please cardinale give maldini more fund in the transfer market to buy zenit St Petersburg Iranian striker,nao lang, Charles k,sven botman, Sanchez and we are good for the season opener

  2. These guys could get off to a great start by getting Boban back at the club. Imagine how popular that would be.

  3. @DB Milan.

    Spot on, and he would deserve it too. However when it comes to the world of business, they’ll want one of their men to partner mascara and Maldini, so I doubt Zorro will be brought back. The absolute integral thing though is that mascara and Maldini stay. I’d also add gazidis to that list too. Not only has he does a marvellous job, but he has also truly embraced the club, its outside of football initiatives and the city.

  4. @putuco, Elliot have done their part. They can’t take Milan to greatness. It’s time to have a buyer who sees Milan for who they should be. That is top of the world football chain

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