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Milan has a concrete plan for the further development of the team and the construction of the stadium, but for this it definitely needs the help of the Middle East.
The parties have started talks with each other and not only that, but have even signed a contract, where the Public Investment Fund (PIF) will own 41.7% of the shares.
"La Gazzeta Dello Sport", through an article published a few hours ago, announces the discovery of a document in which the parties have declared the transfer of shares to the Arabs.
Although the Reds and Blacks have tried to keep it secret, it was a check made in the club's offices where it was discovered and the document in which the agreement for the purchase of 41.7% of the shares was signed through the repurchase of 80% of the seller's loan for 487.5 million dollars".
The parties also held a meeting with each other last weekend, while the Formula 1 race was taking place in Saudi Arabia. According to media reports, a discussion was held between representatives of the Milanese club and those of PIF.
The latter have a net worth of 861 million dollars, of which 10 are under the management of "RedBird", while the goal is that by the end of 2025, the value will reach 1 trillion. This can be achieved through investments made in different fields, among them sports.
Specifically in football, they own several teams, among them Manchester City and Newcastle in England, but also the 4 best teams of the Saudi Pro League. Among other things, there have been investments in the construction of infrastructure for other sports in Saudi Arabia, but also the goal of obtaining the rights to organize the World Cup in football.
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