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.