Over the last few days, numerous rumors have emerged regarding Milan and the Arab market. Gerry Cardinalenumber one of RedBird Capitals, as well as owner of Milan, together with the CEO of the Via Aldo Rossi club Giorgio Furlani, traveled towards the Middle East in search of individuals who may be interested in injecting liquidity into the parent companies of AC Milan spa. The truth lies in the fact that Cardinale is really testing the Arab and Middle Eastern marketslooking for possible partners or members who can bring important economic resources to the Rossoneri side of Milan.
THE CARDINAL MEETING-INVESTCORP
TALKS WITH INVESTCORP – Yesterday, we reported that, Investcorp’s profile is also among the potential interested funds, a Bahraini entity that, before RedBird, had tried to acquire full control of Milan, purchasing it from Elliott. The bottom (known, according to rumors in recent months, also for a possible interest in Inter) has already had the opportunity to speak with Cardinale. In fact, there were several conversations between the top management of Investcorp and Cardinale. Speeches – it should be underlined – which are not denied by the Bahraini fund.
THE CERTAINTIES – Let’s start with the facts. First of all, Investcorp is a private equity fund (category of financial investments through which an entity brings new capital and, therefore, finances another company, through the purchase of shares and/or by subscribing to new shares, bringing new capital internally) therefore it is normal – as well as understandable – whether he is interested in purchasing or in the possibility of joining other sports clubs. This way of acting falls perfectly within their statute. Secondly, RedBird does not have any kind of imminent expiration – given that Elliott’s 600 million loan expires in two years -. However, Cardinale’s modus operandi raises the possibility that he is looking for a way to reimburse (at least in part) Milan’s former owner fund.
THE TRUTH ABOUT THE FUTURE – But this is actually where the news comes. In fact, according to what was gathered by Calciomercato.com, Gerry Cardinale’s intention is not to sell his share of AC Milan shares immediately. The sale of the club, in fact, is a medium/long-term project of RedBird’s number one. Rossoneri fans can sleep peacefully. The Via Aldo Rossi company will remain in the hands of the RedBird number, at least in the next period.
2023-12-06 22:00:00
#Cardinale #seeks #capital #Milan #reconstruction
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