Gerry Cardinale has been linked to potential changes in his stake in AC Milan, including possible sales. Reports have circulated for years about his plans and future, including trips to gather investment interest, such as travel to Saudi Arabia. Recent claims suggested he could sell a minority stake, with the Ellison family named as potential interested parties. Tuttosport, via MilanNews, denied the rumours, indicating information had circulated from New York suggesting otherwise. It remains unclear whether the signals came from RedBird or from the Ellison side, but the denial implies Ellison involvement is unlikely.
"Yesterday, it was suggested that Gerry Cardinale could sell a minority stake in AC Milan to the Ellison family. However, that may not be the case. There has been a lot said in recent years about Cardinale, his stake in the club and his future, too. Indeed, suggestions of him selling a stake in the club are nothing new and it appears not to be a secret at this point."
"A few years ago, he headed to Saudi Arabia seeking investment and this was only one of countless trips where he has attempted to gather interest in Milan. These reports have never been denied, whilst suggestions that he is looking for a complete sale always have been. In other words, it looks rather likely that the American wants to get an injection of funds into the club from an international investor."
"The latest suggestion of this came yesterday, when it was reported that he could sell a minority stake in the club. In those reports, the Ellison family were named as interested suitors. However, Tuttosport (via MilanNews) has denied these rumours, stating that things have filtered out from New York to suggest otherwise. Whether these are from RedBird's side - as has previously been the case - or from the Ellison's, is unknown."
Read at SempreMilan
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