AC Milan owner Gerry Cardinale has opened up to the possibility of welcoming new investors into AC Milan and his trips to the Middle East are no coincidence.
That is according to Antonio Vitiello, who writes in his latest column for MilanNews that the arrival of investors is ‘a hypothesis that could happen’, amid all of the reports that have been circulating in recent weeks.
Gerry Cardinale recently made business trips to the Middle East together with CEO Giorgio Furlani (the two share the club’s strategies and see each other often) to open up possible new scenarios.
Cardinale has opened up to investors but he has made it clear that he will not be giving up majority control of the club, contrary to some of the sensationalist reports about PIF taking over.
Both in the Middle East – where there is a lot of willingness to invest in sport – but also in other areas of the world, Cardinale could do business with new partners for the construction of the new stadium, or aim for new sponsors and collaborations.
Or he will opt, and this cannot be ruled out, to sell minority shares of the club to new shareholders. It would be good news for Milan, who would have even more financial strength. There could be developments in the coming weeks on this front.
Pretty much as expected. Good bit of business to be able to compete against EPL clubs in the Mercato.