Repubblica: Milan statement clarifies relationship between club, RedBird and Elliott

Sergio Conceicao's adventure on the Milan bench is not living up to expectations. In the meantime, new sensational rumors are now arriving. Sergio Conceicao's adventure on the Milan bench began during the season with the coach called to replace his compatriot Paulo Fonseca. Conceicao started very well, winning the Italian Super Cup but after the initial enthusiasm the usual problems returned. The Rossoneri club shows several ups and downs and Co…

Milan, through a letter published by Repubblica on newsstands this morning, wanted to make some clarifications regarding the relationship between.

Repubblica: Milan statement clarifies relationship between club, RedBird and Elliott

By: Oliver Fisher AC Milan have had a statement published in this morning’s newspapers aiming to clarify the relationship between RedBird Capital and Elliott Management.As a reminder, when Gerry Cardinale’s RedBird bought Milan from Elliott in 2022, he only paid €650m for a deal that was valued at a total of €1.2bn. The remaining €550m was transformed into a ‘vendor loan’, granted by Elliott to RedBird, with an interest rate of around 7%.The rep…