AC Milan have officially passed from the hands of Elliott Management to RedBird Capital as Gerry Cardinale announced his aims.
MilanNews recall that the agreement signed has Elliott maintaining a minority financial stake in the club, as well as representatives on the Board of Directors, thus consolidating a partnership between RedBird and Elliott that will continue.
The plan for RedBird is to continue with the project started by the Singer family which made the Rossoneri so attractive to invest in. It will be a project aimed at sustainability, the total reduction of debts and the improvement of the accounts through prudent investments in the playing squad.
“The priority for RedBird is continue the work with the sports area and the management of the Club to give continuity to the path of Milan, aiming for a return to the top of world football,” their press release red.
The good news is that Paolo Maldini and Frederic Massara are almost certain to remain as the directors thus guaranteeing continuing in the current plans. Their presence is the best sign to that RedBird want to keep winning.
“I hate losing, I want to win,” said Gerry Cardinale. “We want to win and take this team to an even higher level, in keeping with the history that is exhibited here at the Mondo Milan Museum.”