Today, Il Sole 24 Ore wrote about the potential collaboration between Saudi fund PIF and AC Milan owners RedBird.
The Saudis would be ready to acquire a portion of RedBird's shares to enter the Rossoneri club. For PIF, after purchasing Newcastle, they are setting their sights on Italian football, it seems.
PIF with two ideas regarding a potential partnership with Gerry Cardinale's RedBird
Il Sole 24 Ore also reports that "after some meetings held with the American owner of the Rossoneri club Gerry Cardinale," the PIF fund is considering the possibility of investing in Milan and consequently in RedBird. Currently, there are two proposals. The first is to "provide the necessary capital to repay Elliott's vendor loan of 550 million euros.
The second is to develop "a broader partnership with RedBird." The other news of the day is the confirmation of the final date: negotiations, in fact, are underway 'with the deadline of the end of March to make a decision.'
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