"The idea is to gather investors who might be willing to inject fresh money into the Milan project. The presence of a name (Pitch Book cites Comvest Credit Partners, ready to provide the €700m loan with a medium-term repayment term, including interest, through a 100% Payment-in-Kind formula) and the timing of the news are raising eyebrows."
"Exactly one year ago, just before the Verona-Milan match, the owners announced an official statement with a €170m investment, reducing the debt with Elliott to €489m excluding interest and granting a new loan repayment deadline from August 2025 to July 2028. The additional time should be useful for finding new investors to repay that same debt or, in the most extreme case, lead to the sale of the club. The year of 2026 could be key, as Matteo Moretto recently pointed out."
RedBird Capital is seeking investors to raise roughly €700m to repay a vendor loan owed to Elliott Management from the August 2022 purchase of AC Milan. PitchBook reported potential investor interest and cited Comvest Credit Partners as a possible lender offering a €700m medium-term loan with interest paid through a 100% Payment-in-Kind structure. Owners injected €170m one year ago, lowering the Elliott debt to €489m excluding interest and extending repayment to July 2028. The extension provides time to find investors or enable a club sale if necessary. The San Siro project acceleration in 2026 could attract additional investor interest.
Read at SempreMilan
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