Il Corriere dello Sport discuss the current situation of the AC Milan club. Right now, it seems that Elliott are willing to sell in the face of an important financial offer. RedBird, for their part, have presented a more convincing offer than the one submitted by InvestCorp (later suspended, always according to reports).
The newspaper mentioned above in today's edition shared the following headline: "With Cardinale, Italian football can make the leap."
The Italian-American company have assets under management worth around 4 billion euros and are close to getting an agreement with Elliott at 1.3 billion euros for the purchase of AC Milan.
Gerry Cardinale has already invested money in sports and also in football in particular. He owns Toulouse which just earned a promotion to Ligue 1. RedBird also owns 10% of Fenway Sports Group which owns Liverpool.
This is a signal that American investors are starting to pay more attention to European football. RedBird's chief executive in question has experience in some of the most important sports leagues: from the NFL to the NBA, passing through the Masters golf tournaments.
Gerry Cardinale also has some ties to NBA legendary player Lebron James. The 'Variety' magazine have included him on their list: 'America's 500 Most Influential People', as relayed by Milan News.
