Yesterday afternoon, a few hours before the start of Hellas Verona-Milan, the official press release arrived Milan who announced that “a refinancing of the Vendor Loan held by vehicles managed by Elliott Advisors UK Limited ('Elliott') has been completed. The refinancing with Elliott, in its sole position as financier, includes a further investment of €170 million by AC Milan ownership, RedBird Capital ('RedBird'), which reduces the principal amount of the loan to €489 million, now maturing in July 2028.”
THE CONTEST CONTINUES – As he explains this morning Tuttosportwith this operation RedBird has extended by three years the time limit to repay the loan that Elliott had granted him when he bought Milan. Gerry Cardinale thus keeps the Rossoneri club, but even yesterday during the match against Verona the protest from the AC Milan fans did not subside who once again asked RedBird's number one to sell the Devil. Those who supported Cardinale's early farewell will have to resign themselves, but this does not mean that in the not too distant future there could be the entry into the company of other investors.
NEW INVESTORS? – On the other hand, before the Milan prosecutor's investigation into the sale of the club from Elliott to RedBird began, it is no mystery that Cardinale was looking for new members in the Arab and Asian worlds. The hunt for new investors could therefore soon start again. The fans, meanwhile, are observing the situation with great attention, even if their priority remains the results on the pitch.
