AC Milan’s future ownership structure may be changing, as RedBird Capital Partners, led by Gerry Cardinale, has reportedly put 22% of the club up for sale. This move comes as the deadline for repaying a vendor loan from Elliott Management approaches in August 2025.
La Repubblica report that according to a commercial document circulated by Washington Harbour, an investment and financial consulting firm, RedBird is offering potential investors the opportunity to purchase up to 22% of Milan’s capital. The document states that RedBird is “selling at the base cost price up to 150 million of the initial invested capital of 681 million, given the company’s need to lower the investment amount to rebalance the portfolio.”
The document also outlines plans for a new stadium in San Donato, with an estimated investment of 1 billion euros, largely financed through debt. The proposed stadium would have over 70,000 seats, including 13,000 premium seats, and would be accompanied by a new club headquarters, store, museum, hotel, and various retail and dining areas.
In terms of sporting objectives, the club aims to secure at least third place in Serie A for the next three years and reach the Champions League playoffs in the 2024/25 season, followed by the round of 16 in the subsequent two seasons.
The document also mentions the possibility of selling minority stakes to Arab funds or billionaire families in 2027, potentially to provide liquidity to investors before the completion of the new stadium in 2029.
Lastly, the report reveals a Management Incentive Plan (MIP) for executives like Cardinale, Furlani, and Scaroni, with bonuses ranging from 569 million euros in the best-case scenario to zero in case of project failure.
