"At the beginning of the year [sporting], around the turn of the 2025-26 season, I told you about some important developments at the club. There were some important changes that are increasingly taking shape,"
"There are rumours coming out from various quarters, and they are certainly rumors that we can confirm in a certain sense and that follow the line I had given you. Something is changing in the Milan world."
"From what we understand, RedBird, Cardinale, is actually trying to repay part of the debt, if not all of it, to Elliott. Cardinale is looking for financiers, and among those financiers, I can confirm the name of CONVEST. Clearly, it's a slow process, but Cardinale has been working on it for quite some time, and we're in an important phase."
"Let's say that RedBird is close to repaying its debt, and therefore there could be some changes at the club closer to the end of the season. The movements surrounding this type of scenario are increasingly concrete, and the steps are increasingly decisive."
Gerry Cardinale and RedBird appear close to repaying the remaining vendor loan balance owed to Elliott from the 2022 takeover. The original €489m obligation has grown to approximately €566m with interest. Cardinale has sought a financial institution to refinance or repay the liability and has identified potential financiers, with CONVEST named among them. The refinancing process is progressing slowly but has reached an important phase. A successful repayment or refinancing could lead to corporate changes at AC Milan, with those changes potentially occurring closer to the end of the season around 2025-26.
Read at SempreMilan
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