Gerry Cardinale is holding firm on his long-term commitment to AC Milan, dispelling rumors of any potential sale or minority stake divestment. A RedBird spokesperson has refuted recent speculation about selling 22% of the club’s shares, reaffirming the goal of restoring Milan to its former glory.
Calciomercato report that the strategy at RedBird is to “win intelligently,” avoiding reckless spending while continuing to increase revenues. This approach has already shown results, with the club reaching a record gross turnover of 457 million euros as of June 30th last year.
Qualifying for the 2025-26 Champions League remains a minimum target to stay competitive with Europe’s elite clubs, many of which benefit from significant stadium revenues. In this context, a new stadium is a priority for Cardinale. While the San Donato option is still on the table, the idea of building a new stadium jointly with Inter Milan next to the current San Siro has recently gained traction.
Cardinale is looking to the future with optimism. Milan is in excellent financial health, generating cash and carrying no significant financial debt. The club is on track to post a profit for the second consecutive year.
In the coming months, RedBird may seek new investors, partly to repay the approximately 680 million euros owed to Elliott by August 31, 2025. This debt, secured by a vendor loan in exchange for a pledge on shares, was incurred when RedBird acquired the club in 2022.
Despite potential changes in RedBird’s investor makeup or individual stake sizes, the fund’s overall strategy for Milan remains unchanged. The focus continues to be on sustainable growth and success, balancing competitive ambitions with financial prudence.
