Gerry Cardinale, through his firm RedBird Capital, is on the verge of becoming the new majority owner of AC Milan. Something that Fiorentina owner Rocco Commisso has reacted to in a recent interview.
Cardinale will arrive in Milano today and he will sign the contracts with Elliott Management, who will keep 30%, tomorrow. You can read more about the matter here, but it’s clear that a full agreement is now very close.
In an interview with La Repubblica, as cited by Calcio e Finanza, Fiorentina owner and fellow American Rocco Commisso spoke about Cardinale’s interest in Milan. He stated that he is a ‘good person’ but also highlighted another thing.
“He’s a very good person, he also worked in my sector, I had to deal with him when he organized a cable platform. However, I want to say something very clear: when they say he will buy Milan for €1.3bn, it’s not his money.
“He makes fun with other people’s money. At Fiorentina, down to the last cent, it’s my money, of my personal assets,” he stated.
Of course, it sounds more dramatic than it actually is as many football clubs are operated in the way RedBird intend to do it. The Singer family, for example, have used Elliott to fund and invest in the club, although now set for a decent profit.