According to Il Sole 24 Ore, the owner of the Rossoneri club is looking for new investors.
Around the world, the name of the Bahraini fund Investcorp is circulating again in connection with Italian giants AC Milan. According to ‘Il Sole 24 Ore’, however, it is a situation quite different from two years ago when the fund itself was interested in acquiring the Rossoneri club before it ended up in the hands of RedBird and Gerry Cardinale.
Now, according to the Milanese newspaper, the same Cardinale has reportedly been “actively exploring potential investors, both American and especially from the Gulf region, interested in injecting equity (i.e., their own capital) into the Rossoneri club.”
The article explains that among the potential interested parties, the Bahraini fund has reappeared. Despite the customary “no comments,” from the club, Il Sole 24 Ore writes that “there have been talks between representatives of RedBird and some managers from Investcorp.” The goal would be precisely to “provide additional capital to the Milanese club.”
But why would RedBird engage in these discussions? Gerry Cardinale “is not in a hurry, nor are there imminent deadlines, as the €600 million debt lines (with 7% interest) provided by Elliott, on a Milan acquisition with an overall value of €1.2 billion, still have two years before the complete repayment.”
