Gerry Cardinalefounder of RedBird and owner of Milanis committed on two fronts: on the one hand, improving the team’s performance after a fluctuating start to the season; on the other, planning the club’s financial future ahead of a crucial deadline. By August 2025, in fact, Cardinale will have to repay around 700 million euros, including interest, to the Elliott fund, which had provided the loan for the acquisition of Milan in 2022. According to Il Sole 24 Ore* There are three possible solutions on the table to meet this commitment.
The first option is to extend the maturity of the loan with Elliott, postponing the repayment for another year. However, this solution would lead to an increase in interest, making the debt even more onerous. Alternatively, RedBird could seek refinancing with others credit fund Americans. Even in this case, however, costs would increase.
The third hypothesized option is the sale of a minority stake in Milan to investors from the Persian Gulf. This hypothesis would offer liquidity without increasing debt, but RedBird recently denied the possibility of selling shares in the club. The issue of a bond is not even considered, to avoid further burdening the club’s financial situation.
With one deadline ever closer, Cardinale will soon have to decide which path to take to ensure stability for Milan without compromising the sporting project.