According to DAZN, RedBird Capital Partners’ Chief Gerry Cardinale has signed the preliminary documents to acquire Milan from Elliott.
Cardinale arrived in Italy yesterday and is currently meeting the representatives of Elliott in Milan.
According to DAZN, he has already signed the preliminary documents that will allow him to buy the Campioni d’Italia for €1.3 billion. Sky Sport Italia claims that the meeting is ongoing and both broadcasters don’t expect an official announcement before tomorrow.
The signing of preliminary contracts is the first step toward taking full control of the club. Cardinale should meet Paolo Maldini over the next few days to discuss his contract extension and the club’s transfer strategies.
Milan takeover: Investcorp chief confirms end of negotiations with Elliott
Milan owners Elliott had been in talks with the Bahrain-based fund Investcorp for several weeks, but the deal collapsed after almost a month of negotiations as the Rossoneri owners were not entirely convinced about the offer coming from Bahrain.
Executive Chairman Mohammed Al Ardhi confirmed the end of negotiations last week, saying that the two parties had failed to reach an agreement.
Arriva il passaggio di proprietà, il #Milan è stato ceduto: l'ufficialità arriverà nelle prossime ore. #DAZN
— DAZN Italia (@DAZN_IT) May 31, 2022
Benvenuto, UccelloRosso!
Gutted is an understatement. I hope they’re not here for long and they sell up within the next couple of years.
Gutted is an understatement. Hopefully they sell up within a couple of years.
I’m glad there’s progress being made, last thing we need is a summer of uncertainty. Let’s get this deal done, sort out the directors’ contracts, and get some quality players in the transfer window.
As long as it’s not the Arabs.
@ RossoNero83
So let me get this straight. You are gutted because why??
I hate this… please leave Elliot and all parties linked with them.. This is awful. We won despite Elliot, not because of them. People should understand this. I wonder if Maldini will stay if they are u willing to spend more or offer better contracts to our stars so they won’t leave once they hit a certain financial demand. Lastly I wonder how few italians we’ll have left because we all know Elliot love the foreign tax decree to save even more money.
The new vultures, same as the old vultures.
Let’s see what happen with the new owners. I was happy with Elliott to be honest
I’m telling u these Americans are nota long term future for ac milan they want money they won’t spend much on the club hope they sell up soon