The rumours regarding a potential takeover of AC Milan have not been dispelled. Instead, they have intensified and as reported by Andrea Longoni, there is indeed strong interest from an Arab Fund, hoping to convince Gerry Cardinale.
Cardinale and RedBird completed the purchase of Milan in August of 2022, agreeing on a €1.2bn deal with Elliott Management. The American still needs to pay back a €600m vendor loan and this has inevitably fueled rumours of a potential takeover.
In his latest editorial for MilanNews, Andrea Longoni has once again shared his thoughts on the Arab interest. He was the first to report the interest of an Arab group, then suggesting that Paolo Maldini could be involved, and he remains certain on at least the former.
“The club is officially not for sale, but the interest of the Arab world is increasingly strong and insistent. It is not enough to read the denials and people labelling the interest as fake news. If Milan were for sale, do you think Cardinale would put signs up?
“Nobody knows the future, let’s be clear. Personally, I know with extreme certainty of an Arab group that is very determined to buy Milan. This does not mean that the club will pass to their hands, but who knows,” he writes.
It remains to be seen what will happen, but Cardinale is speaking to potential investors. If you want to learn more about Longoni and his career in journalism, you can take a look at the interview we did with him for our Substack.
