Finance expert says PIF has 'never come close' to buying Milan: "So many hoaxes"

"Marco, PIF has never come close to Milan. I met the head of PIF's sports investments in London. We were both speakers at a conference, and he told me that he ruled out investments in football clubs outside the country [Saudi Arabia]. As the facts have shown."

"There have been so many hoaxes circulating about Arabs, Milan, and Inter. Never anything concrete."

AC Milan ownership has been subject to speculation about potential Middle Eastern investment, particularly from Saudi Arabia's Public Investment Fund (PIF), since RedBird Capital's acquisition from Elliott Management. However, financial expert Alessandro Giudice confirms these remain unsubstantiated rumors with no concrete basis. RedBird owner Gerry Cardinale has demonstrated commitment to the club by repaying Elliott's vendor loan through a more favorable Comvest financing agreement and making frequent visits. The Public Prosecutor's Office recently closed its investigation into Milan's ownership structure. Giudice clarified that PIF leadership explicitly ruled out football investments outside Saudi Arabia, dismissing claims of genuine interest in the club.

Read at SempreMilan