AC Milan are heading for a decisive summer, and it is one in which there must be a unified vision for how to get back to being competitive.
Today’s edition of Tuttosport (via MilanNews) has a section on Milan headlined: ‘Milan, two souls and too many heads’. Behind the failed season, there is certainly also the great confusion that reigns with regards to the ownership situation.
One of these ‘souls’ is RedBird Capital, which is the owner of the club, and the other is Elliott Management who sold the Rossonero to them. Why are they still in the picture? Due to the €498m that Gerry Cardinale’s fund must pay them, as per the terms of the vendor loan.
That vendor loan was actually refinanced over the summer to buy RedBird more time to pay it back. While that guarantees some stability, having Elliott looming ‘slows down every corporate decision’ that must be made.
A very clear example is the issue of the new sporting director: the first discussions were carried out by Cardinale and Zlatan Ibrahimovic who met three candidates in London, namely Fabio Paratici, Andrea Berta and Igli Tare.
Then the CEO Giorgio Furlani entered the scene, who is very much an Elliott man. After flying to the United States to meet Cardinale and remind him of his powers, Furlani then started the casting process from scratch.
Circus Amateurs …..😂
It’s not two souls, too many heads.
It’s two souls, too many empty heads or two souls, no heads.
With all regrets and sorrows, Cardinale woke up today along with all his minions.
They will continue thier awesome work of destroying Milan.
We aren’t moving forward any time soon while there are still two funds at odds with each other. Not sure why any SD would want to get in the middle of this sh!+ storm …
and they said investcorp didn’t have money to buy milan at that time.. but clearly they took the clever way of giving redbird a vendor loan while waiting redbird defaulting those debt again like yonghong li.. oh sh*t we fans trapped with this vulture funds until they bored and sold milan to whoever bid highest.
this is what Elliot plan,
find buyer that’s stupid, only accept buy + loan (Arab rejected cz they want buy full price) so they still manage the club, then after the stupid new owner made stupid mistakes, they can’t pay the loan, forced the stupid give back the club to Elliots for free..
in short words, Milan made to be fail from the start, isn’t sport but money game..
This is probably the closest to what is actually happening.
No wonder the management made all the wrong decisions that they could make. Furlani and Elliot are tanking it on purpose so redbird defaults on the loan. What a shame.