"At the end of last week, Calcio e Finanza reported that Gerry Cardinale is looking for a new loan to repay the debt he owes Elliott Management. Either the American would refinance the loan (again) or repay it in full. Subsequently, Matteo Moretto stated that some corporate changes could be on the cards for Milan next year."
"Moretto and Romano's comments on AC Milan's corporate restructuring are perfectly consistent with the scenario that emerged a few days ago regarding RedBird's debt refinancing. The financier could change, and consequently, the representatives for the investment could also change. Standard procedure, typical of the boards of directors of large companies."
Gerry Cardinale is seeking a new loan to repay debt owed to Elliott Management, either refinancing the existing loan or repaying it in full. Matteo Moretto indicated that corporate changes could occur at AC Milan next year. A new loan partner would customarily require representation on the Rossoneri's board of directors, which could change board membership. Lorenzo Lollo described such adjustments as standard procedure when an investor signs a financing agreement and a new financier or loan partner becomes involved. Lollo is a long-time Milan supporter and former club Twitch lead who now posts on his YouTube channel.
Read at SempreMilan
Unable to calculate read time
Collection
[
|
...
]