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The price which Milan was sold for deemed too high for Italian relevant authorities

Wajih by Wajih
14 March 2024
in News, Primo Piano
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Gerry Cardinale AC Milan

Founder Managing Partner at RedBird Capital Partners Gerry Cardinale looks on prior to the Serie A match between AC Milan and FC Internazionale at Stadio Giuseppe Meazza on September 03, 2022 in Milan, Italy. (Photo by Claudio Villa/AC Milan via Getty Images)

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The investigation, initiated with the search by the Guardia di Finanza at Casa Milan, continues to reveal new details.

As reported by Tuttosport in this morning's print edition, there is an issue, or rather a doubt, which is related to the price which the Rossoneri club was sold for. The rumoured fee is set at 1.2 billion euros, and it seems that the relevant authorities find it very high.

Another issue is that the full amount hasn't been paid immediately, and at the moment, it still remains unpaid (here the vendor loan comes into play).

According to reconstructions, therefore, the reason why RedBird founder Gerry Cardinale has, reportedly, turned to potential investors from the Middle East region, is precisely to bring fresh money into the club in order to repay the vendor loan and make new investments.

Gerry Cardinale AC Milan جيري كاردينالي ميلان
Gerry Cardinale at the SportiConference Invest In Sports 2023 at The Times Center on October 11, 2023 in New York City (Photo by Bryan Bedder/Sportico via Getty Images)
Tags: Milan
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries: Wajihmzoughi1996@gmail.com

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