Gerry Cardinale has started the process of selling part or the entirety of his stake in AC Milan, a report claims, but the high asking price poses a serious problem.
It has been an incredibly disappointing season for Milan, expected to miss out on the Champions League for the first time in five years. The financial effects will be significant, as we have also discussed in a bonus on Substack, and it could be the time for Cardinale to exit the business.
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According to Il Sole 24 Ore’s financial sports reporter Carlo Festa, noise out of London suggests that Cardinale is at least thinking about a sale, either a minority or a majority one. The problem, however, is that he doesn’t want to lose money on his investment.
“From London’s financial circles, a certain activity of the Elliott/Cardinale duo is leaking out to find an equity partner/buyer for Milan. The Saudi lead is weak, the real problem is finding a buyer at the price wanted by Cardinale, who is expected to reappear on the public scene.
“Wall Street managers do not think like fans, but aim to make money or break even. Cardinale, who has disappeared from the public scene, has understood that he will not make a great return, but does not want to lose money and must reimburse Elliott,” he tweeted.
Had Cardinale opted to sell ahead of the current campaign, then he would have been in a much better position in terms of negotiating a high price. Now, however, that is not the case despite the refinancing of the Elliott vendor loan.
Bättre Nyheter än vunnen Scudetto och CL.
Ut med smutsen och ta hela ledningen med dig.
#CardinaleOut #MiddleeastIn
Bättre Nyheter än vunnen Scudetto och CL.
Ut med smutsen och ta hela ledningen med dig.
Heja Heja
I pray he sells to someone who loves football 🙏🏽. Thank you GOD, Thank you JESUS 🙌🏽.
A GOOD NEWS IN YEARS
Please sell the team and bring Maldini back
E ogzinga qotagim Cardinale. Milanni kotingga tiqding.
We can force him to sell if we stop buying t-shirts and stop attending games next year for sure he will sell
Exactly 👍👍👍
I have stopped since I perceived their stingy and penny wise pound foolish tactics…and I’m never going to visit the stadium, buy anything pertaining to this current management ideas! Because it’s all scam…but I will keep following my dear Milan from the website, phones app and YouTube content…that’s all…till # Cardinale out # Zlatan Ibrahimovic out # Furlani out # Moncada Out #scaroni out… Becomes a reality
Can’t get this done fast enough… get out of our club you terd
If that happens, then Gerry should be stripped naked, tied to a horse and dragged across inner ring of Milano to Piazza del Duomo for a public display and shaming. Curva should go full medival on his a*s for destroying in just 3 seasons, what previous management were building.
Ew, you’re gross, why would you want to do that to his backside? Do you secretly love him weirdo? Keep your fantasies in your moms basement fat boy
I secretly love destroying your moms hairy fat c*nt.
In an ideal civilization, that would be the normal thing to happen.
But also in an ideal civilization, a man like Gerry Cardinale wouldn’t exist in the first place.
Cardinale should sell the club
F*ck off and take Gerryboys.
Don’t forget to be profitable club next season mr cardinale. You can keep the equity money.
Just forget about performance. You already get your supercoppa italian. Very prestigious title.
Pray it’s true
This is a good news he should sell Garry cardinale out, zlatan Ibrahimovic out, furlani out, moncada out, they have destroy my Milan. and i want it to be fast
CardenaLe Yonghong?
Aramco, part of the PIF group, appears to be on the list to purchase 50% of AC Milan. If the rumors from London turn out to be true, then there’s hope that this seller of popcorn and caps will leave, bringing back a bright future for Milan.
Best rumor of the whole season!
Hope someone who loves AC Milan or loves football buy AC Milan soon. Redbird please sell Milan ASAP
His asset’s price is tanking. He has grossly miscalculated the difficulty of achieving top 4 having entrusted noobs to manage a billion dollar asset, thus making himself look very noobish at this sort of thing. He rode the coattails of others in his previous successes. And he also thought things translate linearly to football much less Italian football and to a club with a stature such as Milan. It doesn’t!
He tanked it. Which is why Fulrlani had to fly out and meet him at Elliott’s directive to sideline him. my guess is Elliott is going to try to salvage something of this Milan this summer, so they can offload it next year.
The only problem is, Furlani isn’t the right guy to salvage this. Elliott would be wise to can him too.
This story is ENTIRELY FALSE Ac milan are not for sale at any price just ask the owners Elliot.
This is not how people work especially these people they totally understand what they are doing hence the sale talk will blow over the management will appoint Allegri and Tare they will sell assets regardless of how well the team has done they will buy more players not fit for purpose doing further damage and the fans will still fill the museum sorry stadium to capacity making lots of 💰also on cheap tat they call Milan merchandise these days and I include the shirts in that as well.
YOU WANT CHANGE? YOU WANT THESE CON MEN/WOMEN GONE?
Sign one of the petitions going around and DON’T SUPPORT THE CLUB FINANCIALLY it’s very small to start with but like a lot in life you have to start somewhere.
Naaaah, they’re just teasing us. We’re not getting rid of him for years. We aren’t that lucky.
Bb yes we can get rid of him football without fans are like shop without customers 2 years maximum is what we need after that they will be gone they can’t afford that losses no cl no fans no party cardinale will accept for cheaper price to sell that time
Milan fans won’t abandon their (our) club though. Even this season we had the highest attendance even when the team never deserved such support. Midtable team getting the highest attendance. With subpar performances too. Our fans are too generous.
Best news so far
Finally some good rumor. Hope it’s true. Gerry gotta go.
He bought the the club when we we won Scudetto and were on UCL semi final and his crew destroyed everything in less than 2 years.
Now, we are out of UCL, sitting in the middle of the table, aaaaand he wants to sell for the same amount he paid!
Bingo 🤓
There were 🤡🤡 who were saying “This board is trying bigger fish. Let’s trust the process. Let’s support the board”
The same butt li ckers know critisizing the same board lol. That’s why it’s hard to respect certain people with 2 different face
Exactly.
A lot of people were coping for Cardinale and now they turn their backs to insult him, because he dissapointed them.
Canst respect such people.
Apologies for the typing error.
Please sell to and recruit only Italian investors and management.
Only that way can we be great again.
Italia to the world… you Murican piece of crap ain’t deserving of a club in the great country Italy.
This guy is as pathetic as it gets
Case study not looking good anymore for Redbird LLC
If Gerry doesn’t sell immediately, he is set to become homeless very soon
Well, I wonder where are all the Gerry fanboys now. Guess they’re back in their caves hiding 🤣
Gerry was ignorant and thought that he can replicate his successes, implementing his model back in the States here in Italy. Like all business ventures in a new place/country, he should have done his homework first. You don’t go full throttle at the first instance. That’s basic.
Time to sell the club to someone who actually has money. Good riddance.
after he has destroyed our beloved club I do really hope he is gonna loose a lot of money
I’m not sue where these rumors come from, but not happening. Milan are stuck with Cardinale for the foreseeable future.