Gerry Cardinale’s acquisition of AC Milan continues to spark interest, particularly regarding the vendor loan that was part of the deal. Over recent months, speculation surrounding the potential sale of the club has circulated, but these claims have consistently been dismissed.
Current discussions indicate that RedBird Capital and Cardinale are focused on securing assistance to repay Elliott Management for the vendor loan, which has recently undergone refinancing—a topic that has garnered significant attention within the Milan community.
Reports suggest that AC Milan’s management is aiming to secure a loan in the range of €500 to €600 million. This funding would serve to refinance the outstanding loan from Elliott, which has accrued interest and now totals approximately €523 million.
The management’s hope this holiday season is that the financial support needed to pay off the loan is forthcoming, though the implications of such refinancing remain uncertain. Notably, the efforts to find a loan to settle the vendor debt are not new; RedBird has been striving for this solution since 2022. With the recent developments regarding the refinancing agreement with Elliott, there is a renewed sense of optimism that the necessary funds may soon be obtained.
Ultimately, these efforts emphasize that rather than pursuing a sale, RedBird and Cardinale are committed to managing and refinancing existing financial obligations, thereby showing a focused strategy to stabilize the club’s financial future.