AC Milan owner and RedBird founder is seeking new investors to join him in his journey at the Rossoneri club.
The American company Kaiser Permanente has pulled back from the idea of investing a significant sum, so the founder of RedBird Capital Partners is looking elsewhere.
According to what is told by Il Sole 24 Ore, during a recent trip, Gerry Cardinale presented the opportunity to invest in Milan to several investment funds in the Middle East region: from PIF to InvestCorp.
In fact, Gerry Cardinale's goal would be to repay Elliott ahead of schedule (compared to the expected maturity in two years), as Elliott had lent RedBird over 600 million euros at the time of the Milan ownership transfer.
This move would save approximately 50 million euros per year in interest.
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