According to La Gazzetta dello Sport, RedBird Capital Partners could announce Milan‘s takeover today as Gerry Cardinale is in Milan to put pen to paper on the agreement with Elliott.
The two parties are believed to have shaken hands on a €1.3 billion deal that will see Milan’s current owners Elliott sell the Serie A champions to RedBird Capital Partners who, among other things, are the minority shareholders of Liverpool.
Cardinale, the American fund’s Managing Director, is already in Milan and should sign a preliminary agreement today. According to La Gazzetta dello Sport, there could also be an official announcement.
Cardinale was in Milan last week to celebrate Milan’s Scudetto and returned yesterday to sign the paperwork and complete the club’s takeover.
The new owners will take two more months to take complete control of the club, but Cardinale is already operative and is expected to meet Paolo Maldini later this week to discuss the club’s transfer plans for the summer.
Gazzetta – Milan a RedBird, annunci imminenti. Poi due mesi per insediamento e piani di mercato https://t.co/2l42BIIWfQ
— MilanNews.it (@MilanNewsit) May 31, 2022
If Maldini is Involved, then I’m not worried. It’s solid
*sighs* I genuinely don’t care what people think but I’d rather we be some rich Arabs play toy. For some reason I’m not feeling this RedBird takeover. Hopefully something comes up and the takeover bid falls through. Fingers and toes crossed.
Forza MILAN ❤🖤
Arab owners don’t always work look at psg and man city still can’t win CL. Maybe the fans should own it like Madrid who always win
The best clubs and the most sustainable clubs are own by the American. Chinese takeover failed woefully with the hundreds of millions spent on transfer but a vulture fund was able to get good player and in just three seasons Milan that has been in exile is gradually coming back to it glorious days and some disgruntled fans want some rich Arabs who couldn’t change the fortune of Newcastle as quickly as the American vulture fund did are you not sick in the head. If American funds have better strategy to take Milan back to it glorious days I am up for it. Elliott and Paul singer hates to lose so retaining minority stake in Milan shows you they so much believe in redbird. And the terms of the agreement is in Elliot favour it shows good sign. Don’t judge a book by it cover. Most successful sport franchise are own and managed by Americans. Redbird won’t want their shares to lose value they May be blessing in disguise. You don’t invest €1.3b and could rise to 1.8b with a minority for joke. The rich Arabs were not serious if you love something and you believe in that thing you go all out for it no matter the cost but at the negotiation table they ran away why are you sure they won’t run away from the club when they are faced with issues? Between Liverpool and city which is a better franchise. Which will you invest your money on? How much has man city, psg, Newcastle wasted on transfer how much has Liverpool spent? Defense alone man city has spent over £500million pounds on defense but what has been the results?
Okay some Milan players going to Liverpool soon
Inter fans wishing ill of Milan, hoping they lose their best players.
Be careful what you wish for, cause karma has a funny way of biting you in the behind.
Just look at this season, spent so much time talking down on Milan, but in the end it was Inter who couldn’t get themselves across the finish line.
“I’d rather we be some rich Arabs play toy”
Jesus wept.