Rumours about AC Milan and a takeover have not died down, and in the latest installation of the rumours, there has reportedly been more interest from the Middle East.
There has been discussion about the possibility of investment into Milan from America and the Middle East for some time. However, it was reported this morning that Gerry Cardinale and RedBird could be subject to an offer from the Saudia Arabian Public Investment Fund (PIF) for a majority stake in the club.
Furthermore, this offer could come very soon. The belief at the moment is that the fund are ‘interested in acquiring the majority shares of the club by the end of the season’.
There is a setback, though. The report stated that RedBird and Cardinale have ‘no intention’ of selling the majority shares of the club in the short term, which is the opposite of what is wanted by the PIF fund.
Journalist Marco Bellinazzo – who is a football finance expert – spoke to Tutti Convocati, and his words were relayed by MilanNews.
Is it true that there are discussions between PIF and RedBird?
“I don’t know specifically if it is PIF directly but I know that there are [discussions about investment], and I can confirm this because I have picked up rumours, and contacts from Milan. In particular, there’s Elliott’s share of the loan, RedBird would like to find partners to repay that very onerous debt and come into the company. They are looking very very hard at the Arab world.”
I would rather be unsuccessful than be Saudi owned
Name one European club own be the Saudis and middle east that’s it successful and doing so well in their various leagues
Man city
Man City is one. Newcastle went from delegation zone to Champions League in two years. That is a huge success as well. Paris also went from mid table to French Champions.
They won’t get someone to cough up the amount Gerry needs without giving up his majority share. He can refuse, then come short with the money and the PIF will buy their shares out from Elliot afterwards anyway. The trend on the field since Redbird has been here is a downward one so they will loose money the more time goes forward because their policies and management decisions don’t allow for growth. Market values already began dipping. It will get worse before it improves because they make constant idiotic mistakes. They are incompetent.
Put your money where your mouth is. Show me the numbers that say Milan are in a worsening financial situation?
if we are in a great financial situation what the hell were cardinale and furlani doing there begging for money ?!
The value of the club went from 1.2B to 1.6b since RedBird bought it….
You are confusing club’s finances with owner’s finances. Two separate things.
@bb some fans here doesnt understand redbird finance and Milan finance is two different thing
“@bb some fans here doesnt understand redbird finance and Milan finance is two different thing”
Feels like it’s “most fans here”. Unfortunately they don’t get it even after 73 different discussions over the same subject. Lost causes.
Dude its pure redbird business not Milan
Our squad value is depreciating. Go look it up.
The team’s overall value has dropped. The commercial increases were because of work done before he arrived.
Also, the team’s value, as a compony increased because of a championship won right before he bought the team. Not by his own doing. Him and his management did nothing to strengthen the club. Our results have worsened in the league and Europe this year. We had an easy path the the semis last season.
The progress made before he came will be undone. 5th place after 1st place, is the worst in league history.
We didn’t make it out the group stages in Europe.
Our overall spend this summer wasnt more than 48 million. Most of our signings have been bad. Pulisic aside, the campaign wasn’t good at all. When Jovic scores against a good team, call me.
Jist because the value went up with commercial revenues temporarily, that doesn’t mean the trend will continue with consistent failure on the pitch.
in 1995/96 Milan were champions year later they finished 10th
Downward trend on the field? Idk which field you are watching but it certainly isn’t San Siro.
Also we made a profit for the first time in 10 years last season so even financially we are at a decade high.
It wasn’t last season, it was the last calendar year. After letting our best players go for nothing, cutting wages by 50 million and not spending our profits in the transfer windows after the title win.
We finished in 5th place, outside of the champions league. The team hasn’t progressed, it regressed.
Does PIF know what they are doing? I mean really? They took over NUFC and the club is hardly prolific after all that investment…
On the other hand, it’s difficult to see RedBird give up on their investment that quickly after acquiring it… 400mil valuation increase – would that be enough for Gerry to let go? Surely he’ll want to keep it going.
Not sure about PiF and whether they have the sporting knowledge but in the case of Newcastle the club has definitely improved since their takeover.
Only thing stopping them from becoming the next Man City is FFP restrictions, which of course would similarly hold in Serie A. But if you ask Newcastle supporters they would be very positive about the teams performance, its gone from a mid table or even bottom half PL club to one that challenges for UCL qualification.
I was about to say this. They could have easily spent alot of money but they didn’t need to as they got into Europe without spending and they’re biding their time. They easily paid for Tonali. They can easily create a bogus sponsorship deal that can buy MBappe for instance. they were just very smart to not have to spend money to get into the UCL and top 4. I’m pretty sure this summer is going to be different. I’d be surprised if they don’t splash the cash
Newcastle were constantly battling relegation’s battle before PIF get real
In the end Arabs will force majority or nothing. Gerry will be forced into a deal with unfavourable terms for him. Face it, he doesn’t have the funds to repay Elliott in time. It’s reported some of his investors already want to cash out and this monstrous intereste rate he signed for will eat him in the end.
I agree. I think if Gerry allows them minority stake, eventually they will take over the club. Saudi’s don’t do minority.
Gerry won’t let go until we at least have a green light on the stadium project which will increase Milan’s valuation significantly. I am waiting for Milan takeover to the right hand since Gery and Scaroni are just business corporate. They don’t have the right soul for our color.
The kind of owner you are waiting for doesn’t exist anymore.
PIF are those owners
If Redbird refuses to sell it is because they expect the club’s value to go up in the near future and if they end up selling, we can expect lucrative “sponsorship” deals and increased ability to buy players. Win-Win 🙂
The thing that separates Ac Milan from the top clubs in other leagues is the MONEY. What separates us from Madrid…
It’s the quality of the players and manager which is easily fixed by money. We need to bring a top class manager and bring in some better players and for that we need cash. Money is money no matter where it comes from