In recent months, there have been rumours about the possible sale of Milan. However, Gerry Cardinale to categorically denied that in his recent interview (read here).
RedBird's work is evident to all: in the 2022-2023 season, not only was the balance sheet brought into profit, which had not happened for 17 years, but current management generated 78 million euros in cash without selling players.
This year, with the exit from the Champions League in the group stage, cash production will obviously be lower, but Milan aims to stabilise between 50 and 100 million euros annually in positive cash flow, to be reinvested in the squad.
Gerry Cardinale's goal is to increase the sporting value of the Milan team slightly each year for the next five years. When the new stadium is available, the aim will be to increase annual cash flow from 100 to 250 million euros for investment in the market.
To bring the AC Milan club back to the top, victories are needed, but it is essential to maintain continuity in these victories: winning a league title (or a cup) and then disappearing from the top the following year is not enough; staying at the top consistently is necessary. Gerry Cardinale wants to win, "more than anyone else," he says.
There is also the stadium project, which will bring in new significant revenues. In recent weeks, Milan has taken concrete steps towards the construction of its new facility in San Donato. RedBird is ready to invest millions to build the most modern entertainment venue in Europe, redeveloping an entire neighborhood.
In addition to staying with Milan for a long time, Gerry Cardinale also aims for the growth of Italian football:
"With De Siervo, we finally understand each other. He understands that in the USA, I can lend a hand: with ESPN, Amazon, Fox, and all the major networks, I've been doing business successfully for years. My experience and relationships with the media are an asset that can be strategic for Serie A."
In recent months, there have also been many media speculations about the vendor loan: "I worked for 20 years at Goldman Sachs. Does anyone really think I'm so naive as to take on a debt to be repaid in just 18 months? Elliott has done a great job restructuring the club; I'm the one who asked them to stay on board."
The conversation ends because Cardinale is leaving for the Middle East, which is a crucial area for him where there are many investors. But he wants to reiterate that his plans include a desire to stay at the helm of Milan for a long time.
Source: Corriere dello Sport via Milan News.
