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AC Milan owner Cardinale open to minority share sale

AC Milan owner Gerry Cardinale has announced they're open to selling a minority share in the club.Read more on Tribal Football


  • Feb 25 2024
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AC Milan owner Cardinale open to minority share sale
AC Milan owner Cardinale open to minority share sale

AC Milan owner Gerry Cardinale has announced they're open to selling a minority share in the club.

Cardinale, however, says he wants to maintain control of the club.

"I have 25 years' experience investing in sports, building companies in partnership with the best rights holders in the world, in addition to investing in teams and leagues themselves," said Cardinale to Calcio e Finanza.

“I have always believed in an approach to investment that must be guided by cash flow generation rather than just turnover, and that must be guided as much as possible by non-emotional considerations.

“However, I have to say that the only case where I occasionally lose this aseptic approach is AC Milan, where the passion of the fans and the importance of the team to everyone is something I have never experienced before in sports."

There were suggestions that Cardinale was already looking at offers from Saudi Arabia or Qatar to potentially sell Milan, but he shrugs it off.

“I worked 20 years at Goldman Sachs, I smile if someone thinks me so naive as to take on a debt to be repaid in just 18 months. I am in AC Milan to stay for a long time and if it was up to me I would stay here forever.

“At this moment there is a lot of capital in the Middle East interested in investing in sports and we are open to engaging with potential partners who could join us both as sponsors and as partners in construction of the new stadium, or as minority shareholders as truly value added partners, but as I said, I will not relinquish control."

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