"With it seeming likely that RedBird complete their repayment for the vendor loan involved to purchase AC Milan, there is talk of a new CEO arriving. In the past few days, there have been several suggestions that Gerry Cardinale may be close to repaying the vendor loan which allowed him to buy Milan in the first place. Of course, this would make the reluctance to spend this month understandable, too."
"Massimo Calvelli's name is becoming more prominent. He joined the club in November as one of the new members of the board of directors, but he also holds a role at RedBird as the International CEO. Of course, it is worth mentioning that the Italian also has experience as a CEO previously with the Association of Tennis Professionals, where he oversaw substantial growth in commercial and media areas. Furthermore, he helped create an agreement with PIF, who have regularly been linked to the Diavolo."
RedBird is attempting to repay a significant portion or the entirety of the vendor loan used to acquire AC Milan. Completion of the repayment would end Gordon Elliott's loan-linked influence at the club. The club's spending restraint this month aligns with efforts to settle the debt. Giorgio Furlani currently serves as Milan's CEO but his position may become vulnerable when Elliott's involvement concludes. Massimo Calvelli, a RedBird International CEO and recent Milan board member with prior CEO experience at the Association of Tennis Professionals and notable commercial and media achievements, is positioned to assume a larger management role and potentially succeed as CEO.
Read at SempreMilan
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