The sale of AC Milan by Elliott Management to RedBird Capital has a direct impact on Inter and their ownership situation, a report claims.
According to what the reliable financial source Forbes (via MilanNews) are reporting, Milan’s sale took place officially at the back end of August this year as Gerry Cardinale’s fund RedBird Capital bought the club for $1.28bn (virtually the same in euros).
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This also has an impact on the sale of the Rossoneri’s rivals, Inter, as a sports banker familiar with the Nerazzurri’s finances stated: “The way in which RedBird has worked to raise capital for Milan will make things difficult for Inter.”
The position of the Nerazzurri does not seem very good compared to that of their cousins because Milan announced their financial results for the 2021-22 year last week and are in a ‘much better’ financial situation, as the Diavolo lost only $30m last year and have only $28m in net debt, against Inter’s $354m.
Look at that! $28m vs $354m – Thanks to Elliot! where are you now you nimrods who complained about Elliot through the last 2 seasons????
The future looks great!
Thank you Elliot!
Not only did Elliot clean up the books they also delivered scudetto with astute planning and management.
I am sad to see them sell Milan. We the fans felt safe with Elliot.
They are crying on their Inter blog 🤣🤣🤣🤣
Inter merda
This is the reason acmilan need to build their own stadium 🏟
It’s so true, we are literally a stadium away from actually being profitable lol. That would start a domino of effect and allows us to grow more.
Except I gather that the new stadium will take at least 7 years to build. Tottenham – our opponents in the last 16 of the Champions League – built their new stadium (which sits on the site of their old stadium) in London in just 3 years (2016-19)! If AC Milan is to compete effectively on the pitch against other clubs in Europe, it mustn’t suffer from such handicaps off the pitch.
but at the point that we are jnable to renew contact everyyear , this year we have Leao , Bennancer and Kalulu
That’s not exactly our fault, we offer them contract, they didn’t satisfied and ask for more. There’s a lot of post here already explain why we can’t just give anyone any amount they want, if you still dont/don’t want to understand then good luck.
I just don’t get these numbers, I’m not totally in Inters situation but it’s a strange one, we play in the same stadion, they sold for much much more then we did and went further in UcL.. it’s so strange, what I know is that they had 240M losses 2 years ago and 120 last year so that’s probably 0 this year for sure if they go trough against Porto, it’s so strange. The only problem is Zhang, he can’t invest anymore and f***s up Inter for his company. Strange numbers imo
Wages, bro. Wages.
The proposed full sale of Liverpool FC, announced yesterday, is expected to realize about USD 4.6 billion – about 3.5 times more than what Elliott received for its sale of AC Milan to Redbird. The extraordinary revenues generated by the EPL’s TV broadcasting deals are the main reason why its top clubs are so much more valuable than AC Milan and most other continental clubs. Such deals are the commercial lifeblood of the modern game. Until national leagues in Europe generate comparable TV revenues, continental clubs (with the exception of PSG, a parastatal, and possibly Real Madrid) won’t be able to compete on a level playing field against English clubs. That’s the brutal reality. The solution to this problem is to form a multi-divisional, merit-based, Pan-European league to replace the national leagues in Europe, which have become economically obsolete. The TV broadcasting deals of a European League will more than match those of the EPL. The continent has no other choice: it must jettison its parochial mindset and unite. English clubs can be invited to leave the EPL and join the EL, but their participation, whilst desirable isn’t essential. EL will succeed regardless. Is someone deep in the bowels of Casa Milan working on such a project, on which hinges the future of the Rossoneri as a serious force in European football?
There is no future for Milan with Pioli, we’re not dominant even when playing with bottom table clubs. We’re not neither fantastic defense team nor smashing attacking team. The team has no signature in defense or attack.
At the beginning of when the management should have extended Leao’s contract they didn’t, and it is more difficult every day to extend, but they did extend Pioli’s contract!!!!!!