Gerry Cardinale, reports gazzetta.it this morning, is working on a refinancing operation that would allow RedBird to repay early the €489 million vendor loan, plus interest, granted by the Elliott fund and due in 2028. The process has already been initiated and could conclude within a few weeks.
A pool of investors attracted by Milan’s profile would provide financial backing to RedBird, seeing the club as a solid opportunity thanks to three consecutive profitable financial years and the project linked to the new stadium. These factors strengthen confidence in the club’s ability to generate value over the medium to long term.
Cardinale, according to the online edition of La Gazzetta dello Sport, is confident that the refinancing operation can be successfully completed by the end of the season, as relayed via Milan News.
