There has been talk about Gerry Cardinale seeking new capital from Arabic investors. In fact, the RedBird founder and AC Milan owner, along with CEO Giorgio Furlani went to the Middle East in search of potential investors who would be ready to inject funds into the controlling companies of AC Milan.
The truth is that Cardinale is indeed exploring the Arab and Middle Eastern market, seeking potential partners or investors who could bring substantial financial resources into the Rossoneri side of Milan.
Yesterday, it was reported that among the potential interested funds is Investcorp, a Bahrain-based entity that, before RedBird, had attempted to acquire full control of Milan from Elliott. The fund (known, from past rumors, for possible interest in Inter as well) has engaged in discussions with Gerry Cardinale. These discussions have not been denied by the Bahraini fund, according to Calciomercato.com.
Let's start with the facts. First of all, Investcorp is a private equity fund, and it's normal for such entities to show interest in acquiring or partnering with other sports companies. This aligns with their investment mandate.
Secondly, RedBird doesn't have an imminent deadline, given that the $600 million loan from Elliott ends in two years. However, Cardinale's approach suggests he might be seeking a way to repay (at least partially) the former owners of Milan.
As per the source, the AC Milan owner does not want to immediately sell his share of the club. In fact, it is a medium to long-term project. There's no planned sale, at least for the foreseeable future.
