"In a matter of days, AC Milan will have a new look at a corporate level, with a rather big change expected to take place. As La Gazzetta dello Sport (seen below) report this morning, the new look won't concern the team or the transfer window. The change will be in the club's structure: the headquarters will no longer fly a single flag, that of the United States of America. There will be two: the US and the Canadian."
"The former represents RedBird Capital, a fund owned by Gerry Cardinale, now on the verge of refinancing its debt with Elliott Management. The investment management firm headed by Paul Singer will be replaced by Manulife Comvest, a private credit platform headquartered in Toronto. Just days away This change will take place in a matter of days, perhaps one week. Barring any impediments, Milan will have a new structure by the beginning of February."
AC Milan will change its corporate structure to include both US and Canadian stakeholders, with Manulife Comvest replacing Elliott Management alongside RedBird Capital. The transition is expected to occur within days, possibly by early February, accelerating an initial end-of-quarter timeline. The alteration could be in place before the transfer window closes or the next fixture, and the organisational structure may be adjusted with confirmations and changes to roles. President Paolo Scaroni, CEO Giorgio Furlani and CFO Stefano Cocirio will remain, while Elliott-led board members will depart to make way for Comvest. Continuity and current projects, including the stadium plan and recent profitable accounts, will be preserved.
Read at SempreMilan
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