Milan owners are looking for potential suitors to invest in the club, only months after the club’s takeover.
According to a tweet by Daniele Longo, Milan owning group RedBird Capital Partners are looking for an opportunity in the football investment market to sell a stake in the club at some point in the future. The talk of a full sale has been thoroughly dismissed.
The group’s CEO Gerry Cardinale has been heavily criticised for some of his decisions at the club, especially after the sacking of Paolo Maldini and Ricky Massara from the role of sporting directors earlier this year. The investment firm acquired the Rossoneri club in 2022 in a €1.2 billion deal, buying the side from former owners Elliott Management.
After Silvio Berlusconi’s sale of the club in 2017 to a Chinese consortium led by Li Yonghong, Elliott Management had to take over control of the club within a few months due to a debt default by the Chinese businessman. Milan’s financial situation was precarious until the U.S.-based firm took over last year.
Trambak Bhattacherjee | GIFN