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Home Primo Piano

MN: Gerry Cardinale determined to overcome Italy’s bureaucracy obstacles to build a top-notch stadium

Wajih by Wajih
14 March 2023
in Primo Piano, News
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Gerry Cardinale AC Milan

Founder Managing Partner at RedBird Capital Partners Gerry Cardinale looks on prior to the Serie A match between AC Milan and FC Internazionale at Stadio Giuseppe Meazza on September 03, 2022 in Milan, Italy. (Photo by Claudio Villa/AC Milan via Getty Images)

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Gerry Cardinale, the founder and managing partner of RedBird, the fund that manages 99.9% of AC Milan's shares, has focused on the potential of the Rossoneri brand, which he believes is underutilised. "I think AC Milan is one of the biggest brands in European football. It is an asset that is not exploited enough for what its value and level could be, just like Serie A. The Italian league has the right to sit at the table of the best, just as Milan has a place at this table. Our job is to bring it there."

The stadium quandary remains a pressing concern for AC Milan's owner Gerry Cardinale. A verdict on the location to invest in is expected by late March, or at the earliest, the beginning of April. Challenges and objections are inevitable hurdles, but RedBird are determined to surmount any obstacle in order to establish a top-notch sports arena expeditiously. The Rossoneri aspire to a stadium akin to Tottenham's, yet Italy's bureaucratic red tape looms as the ultimate nemesis of entrepreneurs.

Source: MilanNews.it

Gerry Cardinale AC Milan
RedBird Capital Partners founder Gerry Cardinale at Lincoln Center for the New York Times DealBook Summit on November 30, 2022 in New York City. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)
Tags: Gerry CardinaleMilan
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries, contact: wajihmzoughi1996 [at] gmail [dot] com

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