New rumors and details are emerging regarding the news reported just before Christmas, according to which Gerry Cardinale’s RedBird is seeking investors and financing of around 600 million euros to definitively settle the vendor loan still in place with AC Milan’s former owner, Elliott Management. The debt, including interest, rose to 523 million euros last summer and was extended about a year ago until July 2028.
As reported today by Calcio e Finanza, the American owner’s intention is to untie itself from Elliott in order to gain greater strategic freedom and, at the same time, make the club more attractive to potential new minority investors or new entries to the board of directors.
At present, it is reported that there are two potential investors who have stepped forward. The first is Manulife Convest, which operates in private credit and specializes in financing for growth, acquisitions, and refinancing. RedBird has already partnered with this investment firm in the past. The second investor remains anonymous, but negotiations with this company are also ongoing, as relayed via Milannews.it.
The entry of a new investor, together with the settlement of the vendor loan, would lead to the exit of the board members still linked to Elliott and the subsequent arrival of new figures connected to the incoming investors. Clearly, among the factors Cardinale is using as leverage in discussions with the interested parties are the prospect of a new stadium and the significant increase in the club’s revenues.
