FLASH
Shkruar nga Pamfleti
Milan now officially belongs solely to president Gary Cardinale, who owns "RedBird." Eliot, who was part of the last championship title in 2022, is leaving.
Milan's full announcement:
“REDBIRD CAPITAL PARTNERS COMPLETES AC MILAN REFINING”
The new debt structures create long-term financial flexibility and eliminate loans tied to the club's acquisition in 2022.
RedBird Capital Partners announced today the successful completion of a refinancing that strengthens AC Milan's capital structure and its long-term financial flexibility.
The transaction refinances the vendor financing, related to the acquisition of the club, initially provided by entities advised by Eliott Advisors UK Limited (“Elliott”) in the context of the acquisition of AC Milan by RedBird, and replaces it with new institutional debt financing structured by Comvest Credit Partners.
This refinancing aligns the club’s capital structure with RedBird’s long-term strategic and operational objectives for AC Milan, as the sole and fully controlling owner of the club. As part of the transaction, Elliott’s Managing Partner, Gordon Singer, and Associate Portfolio Manager, Dominic Mitchell, will step down from the AC Milan Board. No other changes have been made to the Board or management team, maintaining continuity in the governance and operational oversight of the club.
Geri Cardinale, Managing Partner of RedBird and President of AC Milan, said:
“ Over the last three years, we have worked to continuously strengthen AC Milan’s financial and sporting performance, returning the club to profitability and building a stronger, more sustainable foundation for the future. Our ownership of AC Milan is guided by a long-term commitment to the club, its leading role in the city of Milan and its legacy as one of the most successful European football clubs in the world. With the San Siro project now under development, we are even more confident in the direction of the club and our ability to support its continued growth and success. We will continue to identify opportunities to enhance value, elevating AC Milan and the city of Milan on the world stage .”
Gordon Singer said:
“ We are proud of what AC Milan has achieved since Eliott bought the club in 2018. Under the ownership of Eliott and then RedBird, the club's financial and sporting performance has improved significantly and the team has won two major trophies, including the 2021/22 Scudetto. Managing a historic institution like AC Milan is a huge responsibility and we wish RedBird continued success in the future .”
Lini një Përgjigje