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Gerry Cardinale has signed the purchase contract of Milan. The formalization is now merely a formality, as the red and black club passes into the ownership of the RedBird consortium that has made a € 1.3 billion payment to the Elliot fund that will maintain a minority stake in the shares.
Despite the transfer of ownership, it remains in American hands as Red Bird like Elliot has its headquarters in the United States. Once the signatures have been cast, it will take a little more time to accomplish what is called “closing”, ie the actual and total transfer of quotas from seller to buyer, a time that can take several months, during which anyway to be Red Bird will be actively working for the future of the club.
The market is of course a current topic, although the priority at the moment is the confirmation on the block of the leaders that led Milan to win the title. Starting with Paolo Maldini who had recently expressed regret for the lack of an offer for renewal, Executive Director Gazidis will see a new contract with the former captain and Masara, to then start work on strengthening the team.
It is not just about purchases as one of the most important topics to face is the renewal of Leao’s contract. RedBird has experience in the world of sports and although the budget still remains to be learned, a continuation of Elliot’s vision is expected, with ongoing investments, promising player profiles and a gradual and constant increase in the quality of the staff./ SuperSport
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