Milan, Pif fund thinking about Gerry Cardinale's club? The denial
The entry of the Saudi fund Pif into Milan with the Arabs investing in the RedBird vehicle (That controls the Rossoneri club) providing the capital necessary to repay a vendor loan from Elliott for 550 million. Or alternatively, Pif would have been offered a broader partnership with RedBird. All with a deadline of the end of March to make a decision. This is a summary of what was written in recent hours by Il Sole 24 Ore, then taken up by Bloomberg USA.
But according to what Affaritaliani.it has learned, from sources close to the AC Milan ownership, Gerry Cardinale and RedBird are not talking to Pif. There is no thought of selling the Devil.
On this topic we remember the words of Gerry Cardinale in a recent interview a few weeks ago (mid-February) at Corsera. “I want to be categorical: it is completely false. I am here to stay for the long term, I have a job to do. I am committed to bringing Milan back to the top of Serie A and Europe, and I will not stop before achieving these results. When we reach them, I will want to reach them again. I'm especially sorry for the fans, because they are led to think of an instability that doesn't exist by fantasizing about untrue changes.” Regarding the search for possible partners, he explained: “At the moment there is a lot of capital in the Middle East interested in investing in sport and we are open to collaborating with potential partners who could join us either as a sponsor or as a partner in the construction of the new stadium, or as minority shareholders as true value-added partners, but as I said I will not give up control.”
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