Gerry Cardinale, through his firm RedBird Capital, is in talks with Elliott Management over the purchase of AC Milan. Negotiations are at an advanced stage and there is great enthusiasm, a report claims.
Elliott Management have owned Milan since 2018 and their reign could be crowned with a Scudetto win tomorrow. Indeed, they have done a tremendous job of balancing success off the pitch as well as on it.
According to Corriere Dello Sport (via MilanNews), the interest of RedBird is not a surprise in that sense and an agreement has been reached on the basis of €1.3bn, which could rise. And it wouldn’t be the first investment in sports for RedBird.
Cardinale’s firm owns Toulouse in France and also bought shares in Fenway Sports Group, owner of Liverpool. In addition to football, RedBird are also involved in the NFL, MLB, XFL and more in the United States.
American investors are more and more common in European football, as the report states, and Cardinale’s entrance could help increase the recognition internationally. Furthermore, he’s expected to build on the project started by Elliott.
We need money not experience,we already have experience under elliot but not the money
Money without experience is suicide. But with enough experience you can generate money. Period.
Do you really believe an owner that is willing to invest over a billion dollars on and investment would not hire the right people with experience to secure their investment LOL. Wake up buddy. This BS about Redbird having more experience over Investcorp is laughable and is irrelevant. Investcorp would have hired the best in sports to oversee their investment. Everyone does that. Wake up people and stop believing the narrative Elliot has spun just to make it seem they care who they are selling our club to. If Redbird wins (looks that way) it’s because they PAID the most $$$$ to Elliot. Period. The rest is just white noise.
Yes and no – mancity vs psg…and also yongli etc
Liverpool is managed best, hope we follow rather that model vs unlimited money but ultimately stupid and soulless as PSG one
If we were psg 2.0, this would suck for old time fans like me – disgracing our history
(Yes berlo was also spending stupid, but the core of it still fit Milan character – psg model is just let me treat team building like a PS game)
“Do you really believe an owner that is willing to invest over a billion dollars on and investment would not hire the right people with experience to secure their investment”
😂😂😂 Yonhong Li would like to have a word with you. Like this literally happened a couple years ago🤦♂️.
@Juro
I’m pretty sure RedBird knows more about how to generate and manage a lot of money than you. That’s why they’re the one who will buy Milan NOT you.
Also yes, from their records RedBird have more experience than Investcorp. They have investing on multiple sports team. On the other hand Investcorp is a giant question mark.
They literally have 0 experience in football clubs, easy to check. Reminds me of the Glazer family, can’t wait too see how much money will be taken out of the club.
Well said @ crorossonero
what experience??
Toulouse??
Cash is king with out cash u cant hire
experience player, coach / management team.
All these morons here think Investcorp would be better because they have money, no other reason
thank god decision is not upto you
Yes, investcorp = another investor likely to spend a lot initially, then lose interest or money and saddle us with debt
Those investment funds still want us to continously grow value – more permanent than wild run & crash
And funny to see hate boner vs Elliot- only Berlo first years were better, then the team started to rot…but to know that you had to be a fan longer than from 2008