Gerry Cardinale is working on refinancing to repay early the €489m vendor loan, plus interest, granted by Elliott Management and due in 2028.
As La Gazzetta dello Sport report this morning – following on from what La Verita and Mateo Moretto said on Sunday – the transaction has begun and could be completed within a few weeks.
RedBird refinance loan
RedBird will be provided with the funds needed to repay the Singer family by a pool of investors who see Milan as an attractive opportunity, given its three consecutive years of profit and the stadium deal being secured.
Cardinale purchased Milan in the summer of 2022, after the club’s last Scudetto victory, giving the club an enterprise value of €1.2bn. The equity value was €1.15bn: €600m was paid by RedBird to the Singer fund, while €550m was loaned (with the corresponding interest rate) by the seller to Cardinale.
The vendor loan was extended in December 2024 until July 2028 with a further investment from RedBird and a debt reduction of €489m. Cardinale is now confident that the deal could be finalised by the end of the season.
It remains to be seen if this will lead to changes at a corporate level, such as potentially a new CEO, something that Moretto mentioned in his update.
If Cardinale purchases milan it will ruin any chance of glory. No champions, no scudetto, no silverware. This management doesn’t care about the club as their main interest is 💲💰. Moneyball purchase is their motto as they just want to double the players value and sell to make profit 📈 . This isn’t Toulouse FC!
Whatever happens, I hope furlani and Scaroni leave as soon as the payment is done.
Then how do you explain holding on to Leao for all that time?
Milan spent 50 million on Leao.
He hasn’t doubled his value.
If they sell him they might break even.
They wanted to sell leao like 2 seasons ago when his value was at 90-100million. That’s when redbird took over and at the end they sold tonali. Most milan players value dropped this season as they didn’t qualify for Europe competitions.
What are you talking about? They have spent more on transfers than any other club in Serie A since they took over and there is no moneyball, you don’t know what moneyball is. They sell players from profit? What should they do, let them leave for free?
Moneyball means using data, statistics, and analytics to build a successful, cost-effective team by identifying and acquiring undervalued players. I’ll save you the time on searching the meaning. 👍🏾
Spent the most? Out of pocket or from transfer funds they had to make in order for them to spend that money.
Tonali was sold around 80million and they bought players from that transfer budget and each player was ranging price between 20-25million. Reijnders came in
This season they sold Reijnders for around 70million and how much of that did they have to spend?
So if you still thinking they ain’t using a budget moneyball tactic idk what to tell you. And for free why not its happened in the past. What happened to kessié, donnarumma, hakan?
That’s not it, mikan at top net spending… our sales are much less than other top3 teams in serie A.
Tonali left because at the time he was also offered a massive salary compared to what we had, he loves milan, but its like reinjders, he was not pushed out… but we are not financially a team that can compete in player salaries what real, premier league, barca, offer..
I said you don’t understand it and you’ve just proven that. What analytics were used to make the recent signings? Which metrics did the players top? None. Milan don’t operate a moneyball model. Milan spent more than they took in this season and players leaving for nothing happened under the previous management. Save yourself the embarrassment next time and don’t post.
You don’t buy a club for a billion USD to use transfer sales to make your profit. And it’s the business making profit; to this date, Cardinale’s crew haven’t taken a cent out of the club as dividends, so any profit made has stayed.
Also, we’re negative 250M over the last five years on transfer fees (which doesn’t mean it’s unsustainable, because that’s only one cost and higher fees are often linked with lower wages, which we have compared to Inter or Juventus). There is spending happening.
You buy Milan for that amount of money, the thing you’re counting on is the value of the asset rising. It’s property, brand and everything else the club owns or projects. The stadium project is a huge one for them.
Don’t try R, these ppl genuinely think these billionaires own clubs so they can scrape a few million pounds off the club every transfer window. I’m pretty sure most of these ppl who call Milan cheap so they can stuff their pockets, genuinely don’t understand money or business.
This is true financially the effort is there.. we just done have a n “Oligarch” model when some dictators riches are funneled and laundered in the club….
That not excusing their bad decision.
Milan, redbird is counting on making milan more valuable… they are building equity value.
They bought club for less than 800, probably worth at least 1 bil, with stadium, 1.2-1.5+ thats good. And amazing return to redbird or better, elliott,who started this at 500-600 valuation with less than 500 investment.
Bye bye Furlani
Financial literacy is not high in the SM space 😂. Cardinale doesn’t give a f about costs as long as revenues match. Cardinale cares about raising the value of his billion dollar asset by 40% percent over the next 5-10 years. Cardinale cares about building equity in the club and building commercial revenue. Cardinale has made it clear he thinks winning trophies is a direct path to building value, and to back that up he has spent more on team construction than any other club. They may have a flawed transfer strategy but they aren’t cheap and have a very sound business strategy.
Yes, these posters are obviously successful businessmen and have made millions on their investments!
The sooner the blood money leave the better. Zionist money not welcome.
They’re not Zionists. Control the silly voices in your head.
How about you go ask Google if Paul Singer is a Zionist?