Speaking on Carlo Pellegatti’s YouTube channel, Carlo Festa, journalist for Il Sole 24 Ore, spoke about Milan, focusing particularly on the possibility of RedBird selling the Rossoneri club in the near future:
"There is no process currently underway, but there is certainly an interest in evaluating parties who could bring new financing — that is, new money — into Cardinale’s coffers, who, as you know, made this acquisition through debt. He bought Milan for 1.2 billion with almost 700 million in financing from Elliott. This financing has since been reduced over the course of these months with the repayment of 170 million, so the amount owed to Elliott has come down to around 500 million. So, what does that mean? He still finds himself with a very high debt, and therefore he is looking — but he was already doing this before, then the process had slowed down — he is evaluating equity partners," as relayed via Milannews.it.
"It is also known that he is in Qatar in these weeks, in that area where the only investors currently interested in Italian football are located. Among Qatar, Bahrain, and Saudi Arabia, there is potentially money for Italian clubs and therefore possibly also for Milan."
"Cardinale is a very silent shareholder."
It seems to me that he hasn’t shown up since September. This is because, for him, Milan is not a sporting endeavor, but a pure and simple business. Let’s say he doesn’t appear, he doesn’t show himself, he doesn’t give interviews also because his management is very financial. What I foresee is that he will evaluate potential partners — obviously, to a partner who enters with a minority stake, you cannot deny a future option to acquire the majority — but it’s definitely more than just a hypothesis. These are detailed rumors which state precisely that he is evaluating a partner, something he had already looked into previously."
