The rumours relating to a possible takeover of AC Milan haven’t been dispelled. As an alternative, they’ve intensified and as reported by Andrea Longoni, there may be certainly robust curiosity from an Arab Fund, hoping to persuade Gerry Cardinale.
Cardinale and RedBird accomplished the acquisition of Milan in August of 2022, agreeing on a €1.2bn cope with Elliott Administration. The American nonetheless must pay again a €600m vendor mortgage and this has inevitably fueled rumours of a possible takeover.
In his newest editorial for MilanNews, Andrea Longoni has as soon as once more shared his ideas on the Arab curiosity. He was the primary to report the curiosity of an Arab group, then suggesting that Paolo Maldini may very well be concerned, and he stays sure on at the very least the previous.
“The membership is formally not on the market, however the curiosity of the Arab world is more and more robust and insistent. It isn’t sufficient to learn the denials and folks labelling the curiosity as pretend information. If Milan had been on the market, do you suppose Cardinale would put indicators up?
“No one is aware of the longer term, let’s be clear. Personally, I do know with excessive certainty of an Arab group that may be very decided to purchase Milan. This doesn’t imply that the membership will cross to their arms, however who is aware of,” he writes.
It stays to be seen what is going to occur, however Cardinale is chatting with potential buyers. If you wish to study extra about Longoni and his profession in journalism, you’ll be able to check out the interview we did with him for our Substack.