With it seeming likely that RedBird complete their repayment for the vendor loan involved to purchase AC Milan, there is talk of a new CEO arriving.
In the past few days, there have been several suggestions that Gerry Cardinale may be close to repaying the vendor loan which allowed him to buy Milan in the first place. Of course, this would make the reluctance to spend this month understandable, too.
Matteo Moretto has reported that RedBird are attempting to repay a significant amount of the loan back, if not paying it off completely. As a result, there could be some changes at the club, with Gordon Elliott no longer influencing things when the loan ‘ends’, so to speak.
Furlani’s future
One of the big changes, then, could involve Giorgio Furlani, who is the CEO of the Rossoneri. However, that may not be for much longer.
MilanNews reports that Massimo Calvelli’s name is becoming more prominent. He joined the club in November as one of the new members of the board of directors, but he also holds a role at RedBird as the International CEO.
Of course, it is worth mentioning that the Italian also has experience as a CEO previously with the Association of Tennis Professionals, where he oversaw substantial growth in commercial and media areas. Furthermore, he helped create an agreement with PIF, who have regularly been linked to the Diavolo.

Calvelli, as the report continues, is ‘destined’ to become an integral part of the management, and that could see him become the CEO when the position becomes free. Nothing is confirmed yet, and right now, Furlani is still in the job.
However, it would not be a surprise to see him exit when Elliott does, given his previous links to the former owner.




While Fulrani is an Elliott pawn, with him out and Cavelli in, the spending habits won’t change dramatically as the operating principles under Cardinale will remain largely the same.
Milan will remain a business first and foremost. I’m not optimistic in a big shift towards “winning above all”
Exactly 💯
It’s probably going to be same old or worse. So anyone thinking things will change for the better with Fur out should have a rethink
The players that furlani brought were in large big disappointments. Or at least the players that furlani brought in according to the media reports.
Still pushing that bs false narrative.
Did you share the same cave as Bin Laden? There’s no winning above all approach. In addition to UEFA’s financial regulations, all leagues have measures in place to ensure clubs operate on a sound financial footing. You do nothing but embarrass yourself when you post drivel that shows zero understanding of the modern game.
Are you a relative of Furlani or Furlani’s lover or Furlani himself ?
Everytime a poster “dares” to mention his name you come to his rescue calling the poster all sorts of names saying it’s BS while providing nothing yourself.
What did I say that was incorrect? Nothing. Can clubs spend beyond their means? No. Not in Serie A, not in the EPL, not anywhere.
A section of the fanbase paint Furlani as the villain when he’s simply the pen pusher operating under Cardinale. You don’t even understand the role of a CEO – as if Furlani is to blame for the money wasted in the transfer market (he isn’t).
What people post online is a reflection of how they are in real life. People who ignore facts to push agendas are the most repugnant human beings on the planet, people like that are why the world is such as mess so yes, I will continue to call people like that out.
We’re 3 points off top place. The finances are in excellent shape and the stadium will, finally, be built yet all you can do is complain.
“A section of the fanbase paint Furlani as the villain when he’s simply the pen pusher operating under Cardinale. You don’t even understand the role of a CEO – as if Furlani is to blame for the money wasted in the transfer market (he isn’t).”
Did you miss March-April last season ?
sempremilan com/furlani-control-cardinale-moncada-ibra-cast-aside
sempremilan com/milan-internal-power-struggle-ibrahimovic-furlani
Furlani is clearly above Cardinale. He is Elliot’s guy to whom Cardinale still owes money. He is to blame (but not entierly) for us missing on Berta and having this circus with Paratici and Tare because he wants to limit the sporting director’s influence. He is also part of the circus that was our management last season so he, as well as the others, has to be held accountable. And let’s not forgot what has been said about neither Allegri nor Tare wanting Nkunku.
We’re 3 points off top place thanks to Allegri mostly and our least expensive signings (Saelemakers, Modrić & Rabiot). Until the stadium is built, I won’t comment on it and you probably shouldn’t. I’ve seen my fair share of projets dumped, postponed or ending up more costly than initially expected.
“What people post online is a reflection of how they are in real life. People who ignore facts to push agendas are the most repugnant human beings on the planet, people like that are why the world is such as mess so yes, I will continue to call people like that out. ”
Yeah… that can be said about you as well. You’re full of yourself and talk in a condescending fashion, but you seem to pick the “facts” that favour your opinion and ignore what doesn’t. But I guess you know the saying: “each accusation is a confession”.
It helps to understand what you’re reading.
“CEO Furlani discussed the upcoming season with Cardinale and was given the go-ahead to make the key sporting decisions, including the next sporting director.”
Given the go ahead by whom? By the owner, Cardinale.
Cardinale is the owner, Furlani works UNDER him. All it states is that Furlani, as CEO, would decide on the sporting director, which he did.
“And let’s not forgot what has been said about neither Allegri nor Tare wanting Nkunku.”
Based on a rumour first published on a random website. Is there a direct quote from Furlani? No, there isn’t. Like most of the guff news posted here, it was a rumour.
Yes, I talk down to people because I’m not a hypocrite. I can’t be accused of double standards and I don’t ignore facts. People like you ignore those facts, not me. Arsenal have gone 20 years without winning their league, Man United 12, Chelsea 8, and these are clubs with far bigger budgets than Milan so why would it be any different for Milan or any other Italian club? In competitive championships, it’s difficult to build a championship winning team and even more difficult to sustain success once on top.
Complaining about the owners shows a poor understanding of the game. When owners directly interfere, then there are issues, but that doesn’t happen at Milan, Furlani is a pen pusher and Cardinale knows little about the game and that’s why they now have a sporting director.
U think Furlani gonna admit his mistakes? Lol…
He knew he fcked up some decisions especially last year and being pen pusher as u stated, he could have calculated meticulously on the value to quality of signings (since he happened to be so good with numbers) but we had a flop winter mercato last year. If he’s so good, they (the management) don’t need a sporting director which they didn’t thought they needed but failed spectacularly, and decided getting one this season.
You’re deluded.
Typical “change is scary therefore bad” comments 😂
Some of you act like Red Bird has refused to buy any players at all. That’s a false narrative.
They may not always make the smartest buys but money has been spent on players. Blind spending at all costs is not a viable model.
And it’s not always the biggest spender that wins. Look at Man United. They’ve spent as much anybody in Europe since SAF left and they have almost nothing to show for it.
One UEFA Cup and maybe a domestic cup or two?
Not even a regular UCL participant.
The issue is that Cardinale and his team insist on staying within a strict spending bracket, which naturally limits the level of talent Milan can target. It doesn’t mean every player outside that range is automatically better, but it does mean Milan won’t consider a €40M, 29‑year‑old striker because the age‑to‑price ratio doesn’t fit their buy‑to‑sell model—even if that player would immediately improve the team.
This is exactly what happened with the striker situation. Milan overthought the decision, ended up settling for Santi, and passed on options like Guirassy, Thuram, or even Mateta. Mateta for instance is available now, but his club wants €40M, and he’d likely offer far more than what Milan currently has.
Nkunku was literally a €40M, 29‑year‑old purchase.
Now we can certainly debate if he was the right player to spend that money on, but the money was spent. I like Mateta as well.
And they didn’t pass on Thuram. Inter came in over the top of them with more salary.
Exactly. With the FFP rules the most important job of the ownership is to increase revenues so there is money to spend. Alot of people still doesnt seem to understand how the FFP rules work. You can be insanely rich and willing to put in exteme amounts into the club, but you cant. You can only spend 70% of the revenues on transfers (amortizations on the transfers), wages, agent fees etc. At best owners can inject 60 million euro in direct funds to cover losses over three years. Thats it.
Thats why Newcastle, despite having the richest owner of them all (Pif), cant spend that much. They are still a small club in England in revenues compared to the others, and limited by that.
Elliot and Redbird have made a fantastic job in increasing Milans revenues, and if they bring in Calvelli its because he is great at increasing revenues, which is the way to go if they want to make Milan a European super club again.
Fans seem very quick to forget the state Milan was in under Li Yonghong, Revenues in 18/19 was 241 mil when Elliot came in. Last financial year 24/25 it was 495 mil, more then doubled. Thats huge.
Fans care about winning, not balance sheets. Milan’s recent profits exist mainly because of player sales, spread across multiple years. Moves involving Tijjani, Theo, and Thiaw kept the books in the green.
I agree the financial approach is logical, but the club never makes exceptions to actually improve on‑field performance. My belief is that the owners will cash out once the stadium is close to completion and the major hurdles are gone. Until then, we’re in for another four or five years of this.
Fans do care about balance sheets. Only morons
ignore the state of a club’s finances. First it was the never go about €25 million, then it was they won’t go over €30 million now it’s €40 million. Fans like you are a cancer. In case you hadn’t noticed, we play in Serie A. The fees paid are in line with the other top Italian clubs. So what are you complaining for? They know in order to get a return on their investment, the club need to be successful which is why we’re the biggest spenders in the league), have no debt and build a new stadium. You’re complaining about this strategy because you don’t understand business or because you don’t understand business?
Fans do care about balance sheets. Only fools
ignore the state of a club’s finances. First it was the never go about €25 million, then it was they won’t go over €30 million now it’s €40 million. Fans like you are a cancer. In case you hadn’t noticed, we play in Serie A. The fees paid are in line with the other top Italian clubs. So what are you complaining for? They know in order to get a return on their investment, the club need to be successful which is why we’re the biggest spenders in the league), have no debt and build a new stadium. You’re complaining about this strategy because you don’t understand business or because you don’t understand business?
I don’t care if not much changes. If Furlani goes it would make me happy. Remember Maldini.
It’s not whether their spending will change (before you lot start foaming around your mouth, it’s not even about spending big but spending smart). The big question is, will we continue to see this ownership keep making changes to this team and sell our prized players each season? There’s no success where there’s no consistency and longterm sports project (sports as a keyword, before you again start foaming around your pieholes).