Gerry Cardinale, the owner of AC Milan, has opened up the potential of admitting new investors, and his excursions to the Middle East are no coincidence.
That is according to Antonio Vitiello, who writes in his current column for MilanNews that the entrance of investors is ‘a hypothesis that could happen’, despite all of the reports that have circulated in recent weeks.
Business excursions to the Middle East with CEO Giorgio Furlani (the two share the club’s objectives and meet frequently) to explore potential new scenarios.
Cardinale has opened up to investors, but he has made it clear that he will not give up majority ownership of the club, despite certain sensationalist rumors about PIF taking control.
Cardinale may do business with new partners for the construction of the new stadium, as well as seek out new sponsors and collaborations, both in the Middle East, where there is a strong desire to engage in sports, and in other parts of the world.
Alternatively, he may decide to sell minority interests of the club to new shareholders, which cannot be ruled out. It would be fantastic news for Milan, who would gain additional financial strength. There may be developments in the coming weeks on this front.
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