MN: 'Continuity, stability and gradual growth' - Furlani and Calvelli to co-exist at Milan

"There has been a lot of talk in recent days about potential changes at corporate level for AC Milan, with the vendor loan at the centre. MilanNews confirm that in recent weeks, RedBird Capital Partners have been advancing operations related to debt refinancing with Elliott Management, a step considered strategic to usher in a new era for the Rossoneri, marked by stability and greater financial autonomy."

"The refinancing is expected to be completed by March, involving Manulife Comvest, an investment group based in Toronto, Canada. RedBird considers the decision to separate from Elliott a natural one, and they will benefit from a lower interest rate. This transaction would allow Milan to reduce its debt burden and plan for the future with greater peace of mind, without major upheavals but with an even more solid financial foundation than the current one provides."

"No major managerial changes are expected. Giorgio Furlani will remain in his position as the club's CEO, continuing the work he's been working on over the past few years. Massimo Calvelli, RedBird's trusted advisor, is expected to join the club's financial and economic director, having been officially on Milan's Board of Directors since November. Calvelli will serve as a key liaison between the club and the owners."

RedBird Capital Partners has advanced operations to refinance AC Milan's vendor loan currently held by Elliott Management, seeking greater financial autonomy and stability. The refinancing, expected to complete by March, will involve Manulife Comvest, a Toronto-based investment group, and should secure a lower interest rate. The transaction will reduce Milan's debt burden and enable more confident financial planning without major upheaval. No major managerial changes are planned; Giorgio Furlani will remain CEO. Massimo Calvelli, RedBird's advisor and board member, will join as financial and economic director to act as liaison with the owners. The stated approach is continuity, stability, and gradual growth.

Read at SempreMilan