Cardinale explains why he is happy with Milan investment: “The Yankees of Italian soccer”
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The story in brief
28-second readBy: Oliver Fisher Gerry Cardinale has insisted he has absolutely no regrets about buying AC Milan, explaining the avenues for growth he sees. Cardinale’s fund RedBird Capital took over from Elliott Management in 2022 after Milan’s Scudetto win.
They continued the good work that the fund started from a financial perspective, even if the silverware on the field has not flowed like many hoped.
There are no signs of RedBird selling the club on any time soon, with important projects coming up such as the new stadium being built and the NBA Europe plan which could further drive revenues back towards Europe’s elite clubs.
At a glance
- Reporting status
- Reported
- Original publisher
- SempreMilan ↗
- Source published
- Clubs covered
- AC Milan
Attributed publisher reporting. Kickjolly has not independently confirmed the claim.
Source context
By: Oliver Fisher Gerry Cardinale has insisted he has absolutely no regrets about buying AC Milan, explaining the avenues for growth he sees. Cardinale’s fund RedBird Capital took over from Elliott Management in 2022 after Milan’s Scudetto win.
Source excerpt · SempreMilan
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