RedBird should be the new owners of AC Milan, unless any unexpected surprised take place. Gerry Cardinale was already in Milano last weekend to celebrate the Scudetto and get to know the environment and atmosphere of the club.
Gerry Cardinale, according to La Gazzetta dello Sport, in today's print edition, is in Milan and the announcement could come as early as today. The fund has created over 20 billion in value in its sports properties over the past 8 years. We will continue with a sustainable strategy, Elliott will remain with a minority stake.
The RedBird chief, in fact, will be meeting with Paolo Maldini in these days to discuss his renewal as well as Frederic Massara's. Maldini wants reassurances and Gerry will do it. The goal is to grow further.
As for the stadium project, there are two options: San Siro or the Sesto area: a modern stadium is also crucial for the new ownership.
Gerry Cardinale's goal is clear: he wants to double the worth of the assets under management for RedBird (currently at 6 billion dollars). He will be aiming to create a bigger image of the AC Milan club in order to maximise its profits and worth.
