Gerry Cardinale has been subject to reports about his position several times this year, and today, the AC Milan and RedBird chairman has seen more emerge.
At the start of the year, reports emerged stating that the American businessman was travelling the world to seek investment into the club, linked to repaying the vendor loan to the Elliott fund which must be paid next year.
Since then, reports have been frequent throughout the year about a search for investment, but there has been little to nothing to suggest that any success has been had so far.
Then, it was suggested that the club was partly up for sale, with some details about a potential deal being leaked through a contract being floated around, however, RedBird later stated that these reports were untrue, and that Cardinale was not selling any shares.
Today, a similar event has occurred, with La Repubblica (via Milan Press) reporting that the businessman had been reflecting on an ‘early farewell’ in February to ‘recover’ the money which he had put into Milan – to date around €150 million.
RedBird have again come forward to deny this, but if it were to come to fruition the management would be shaken up. Elliott’s loan would become equity, and the fund would ‘take control’ of the majority of the club.
Where there is Smoke there is fire! Gerry needs to go ASAP!
Praying that some rich Arab billionaire buys the club and make the necessary investments to take Milan back to the top
💯💯💯💯💯💯💯🙏🙏🙏🙏🙏
Amen!
This BS again?
What are we hoping for here? Gerry fails to repay the loan and the club gets repossessed again? Is that why there are no heavy investments into the club? To repay the vendor loan?
For me it’s a Middle Eastern ownership led by Maldini…. One that spends responsibly but properly on decent talent..
yeah you would want the country that constantly breaks laws to take over, go support 115FC
No…you see yet again you are incapable of any critical thought
In case you haven’t noticed, the US isn’t exactly squeaky clean either. No sovereign state is. Last I checked there are no Danish millionaires buying clubs.
Maybe support the club instead of the funding?
Indeed, In my experience Middle Eastern clubs are more interested in trophies than balance sheets…..
You seem to just want someone who breaks rules and spends millions so you can get your transfer window dopamine
kids like you all the same
You don’t listen, You’re an idiot….
Let him get his refund. We have enough, we want Elliot back. Elliot did a better job than this con man.
Definitely agree elliot did much better than cardinale. The managment that cardinale has brought in, reminds me of our asian times, clueless.
Agree. At this point defaulting and handing control back to Elliot would be far better.
They at least were smart enough to put quality football people in control of the club and then get out of the way.
This current setup is not even clear as to what the hierachy is.
Is Moncada a technical director? Is it Ibra?
Does Gerry have a major say in transfers? He appears to.
The recent transfer windows have had some good but a lot of bad or missed opportunities.
Those who pray for Middle East fund to take over realize that. Their track records are terrible. Aside from City none of them have had success. If City owner wasn’t Royalty and controlled large petrol City would have been charged. PSG owner used their oil leverage to get the French president talking to Mbappe to stay. Liverpool, Chelsea and Arsenal owners are great examples of American management doing the right thing. Specially Liverpool
Too bad we don’t have that kind of american management. So you can’t blame people who want the oil money.
Milan drew the short end of the American owned stick with Redbird. So at this point, I don’t blame anyone who advocates for that Arab money.
At least in theory, it would allow Milan to compete for ready made talent with the other top clubs. Rather than going ofr for cheap talents, stalling even when going for said cheap talents, and hoping they come good in the long run.
And by cheap in this context I mean players with lower price tags and POTENTIAL TALENTS.
I don’t care where the next owner comes from.
He could be from another planet for all I care.
The important thing is that he intends to get a lot of trophies for Milan with a lot of his financial resources.
In short, he can put his money where his mouth is
Ivenstcorp from Bahrain came forward gerry nor elliot wanted to help each other. Investcorp would be like Bayern have shareholders to always talk about balancing the economy for the squad plus they would put if needed heavy investment because they estimated that they have billions which it would help us create the stadium and bring more serious world class players
Investcorp is not a sovereign fund. They are not that different from Elliott or RedBird. What we need is a sovereign fund willing to invest for pride, not a private equity fund that only cares for the investors, and doesn’t care for sporting achievements.
Oh what a nice thought! I hope its true!
I would gladly see Elliott or some new owners take over.
Enough of the monkeys in suits, its become a farcical club
If you leave, Gerry, don’t let the door hit you on your way out, and good riddance. You are a disgrace. You destroyed this great club. You don’t deserve to even breathe the (polluted) air of our beloved city of Milano, when you (rarely) visit. So just leave, go away, and go to hell.
You named as managers a bunch of clowns (who then hired a mediocre loser as the head coach, and couldn’t patch the right holes in the roster through ill-conceived transfer window strategies).
A club with the size, importance, and history of AC Milan can’t be managed by a bunch of amateurs. If you don’t understand football and much less, what football in Italy is, that’s not a huge handicap because you are the owner, not the sporting director or the head coach. You don’t really need to know football to be a good owner. But then, any competent owner knows that if you are just the money man and otherwise you are not that familiar with football, then you go and hire competent people to manage the club and the sporting activities. When you go and put in charge a bunch of mediocre idiots, you get the destruction of your financial investment, because failure in the sporting department ends up becoming a financial failure too.
The result is that you don’t qualify for lucrative tournaments, and you can’t grow your worldwide brand so that you and your investors can profit from it. Yes, there are loyal lifelong existing fans, but to grow a brand you need new fans to join you, and new fans won’t join a club that won’t even play in the UEFA Champions League.
So, no wonder you are not finding investors or buyers, Gerry, because you destroyed your own brand, and now you can’t pay back the vendor’s loan and you’ll have to leave with your tail between your legs.
Serves you right.
Well made point
He’s always talking about his expertise in the sporting sector and that he has all these connections yet he’s running a 2bn as.set with rookies. All rookies. Incredible. I’ve said to before, I believe he thought it was easy getting top 4 and achieving things we did in the prior years before he bought the club.
not holding my breath. i believe it when i see it happening
I wish this happens but I am very doubtful – Gerry has a huge ego and unless he gets an offer than blows him away – I doubt he sells to break even.
He will definitely have to sell a minority stake to pay the Ellio loan – but I don’t see him selling the majority stake just yet unless he absolutely has to. He said it’s a long game for him 10 years.
milan management was suck now,why fonseca still coaching IDK what they think
Please leave. Redbird and Elliot out!
lol recover? stay a bit longer, so he only gets a portion back. Redbird, this guys is a joke. Go back home and do the baseball game haha.
The other day, the dude with Milan jersey profile pic says: “They will fix the mistakes in winter break” haha I think he is right
Gerry Cardinale …… ha ha ….. when i was young there was a comedian called JERRY LEWIS. Today we have another one with the same name – goes by the name of JERRY CARDINALE ….. the one who is fukcing milan ….
These kind of make up stories just gets our hopes up – in vain. Not going to happen. You honestly think we should be THAT lucky? Naah, we’ll be stuck with the b*stard for years to come.