AC Milan Is Looking For New Investors To Restore Old Owner Loans
JAKARTA - A Milan newspaper, La Verita, reports that RedBird Capital Partners CEO Gerry Cardinale is looking for new minority investors for AC Milan.
The reason is, the Rossoneri must immediately return a loan of around 550 million euros or Rp9.2 trillion to the previous owner, Elliott Management during the club's sale in June 2022.
In fact, the loan, including interest, has a deadline of August 2025. However, La Verita said that Elliott, especially the Singer's family, who controlled the investment company, had requested that the loan be repaid more quickly.
That is one of the main reasons Cardinale is looking for new investors in the Rossoneri.
Meanwhile, Calciomercato's report is also in three pieces of money. Italian media confirmed the recent Cardinale meeting with Milan CEO Giorgio Furlani in Bahrain.
Not only that, Calciomercato reported that Rossoneri representatives had held talks with Investcorp, who asked about Milan's full purchase at the club's sale by Elliott.
Cardinale reportedly did not want to sell his shares in Milan. He only needs minority investors around 1 billion euros or IDR 16.7 trillion.