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Gerry Cardinale opens the door for potential partners and investors, but control over the club won’t be given up

Wajih by Wajih
25 February 2024
in News, Primo Piano
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Gerry Cardinale AC Milan جيري كاردينالي ميلان

Founder & Managing Partner at RedBird Capital Partners Gerry Cardinale looks on prior to the Serie A TIM match between AS Roma and AC Milan at Stadio Olimpico on September 01, 2023 in Rome, Italy. (Photo by Claudio Villa/AC Milan via Getty Images)

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Gerry Cardinale, as he said in an interview which was released yesterday, is open for new investors from the Middle East region in the club in the form of partnerships, stadium partners, or minority shareholders. However, he does not intend to give up control of the Rossoneri club.

As pointed out by La Gazzetta dello Sport, this is the first time Gerry Cardinale has officially opened the door to a partner entering Milan. RedBird's interests in that area are well-known: the American fund has an agency in Dubai, an office in Abu Dhabi, and is waiting to open an office in Riyadh.

The goal of seeking new parties willing to invest in the Rossoneri club is very simple: to build a stronger Milan, a Milan that generates more revenue to reinvest in the club. And in the Middle East, money and the desire to invest in sports, particularly football, certainly abound.

READ MORE | AC Milan interested in Viareggio Cup starlet who could be available for a fee around 700k

🗣️📢 Gerry Cardinale talks about his plans for #ACMilan and discusses potential partnerships 🤝#ForzaMilan 🔴⚫️ pic.twitter.com/KqxigHnbbg

— MilanReports (@MilanReportscom) February 24, 2024

Gerry Cardinale
Gerry Cardinale on stage at the 2022 New York Times DealBook on November 30, 2022 in New York City. (Photo by Thos Robinson/Getty Images for The New York Times)
Tags: Gerry CardinaleMilanRedBird
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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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