Manchester City have people from Abu Dhabi backing them up, Paris Saint-Germain is under the control of a sheikh from Qatar, Newcastle is in the hands of the Saudis. But if the latest information from Italy turns out to be correct, no one will have such a wealthy group of financiers supporting them as AC Milan.Because as Il Sole 24 Ore writes, probably the most important financial newspaper on the “Boot”, Gerry Cardinale, who manages AC Milan through his Red Bird fund, is negotiating with the PIF fund of Saudi Arabia regarding their purchase of a minority share.As we have already learned, the PIF fund is the owner of Newcastle, Toulouse, but also Al Nassr, Al Hilal, Al Ahli and Al Ittihad, all of which left the world in awe when they brought names like Neymar, Cristiano Ronaldo, Riyad Mahrez, and Karim Benzema to Saudi Arabia.##NAJAVA_MECA_7929618##Cardinale would not sell the entire club to the Saudis, but only a minority package of shares. They would enter with an investment of 550,000,000 euros, with which the club would return the loan to the previous owners from the Elliot Fund. That way, Il Rossoneri would get some breathing space.An alternative solution is for Red Bird and PIF to create some kind of “broader cooperation”, whether through clubs owned by the Saudis is not yet known. It is only certain that Cardinale will not sell the club.”I want to say categorically: it is an absolute lie (that he is selling the club). I am here to stay for a long time. I have work to do. I am committed to returning AC Milan to the top of Serie A and Europe and I will not stop until I do it”, he recently said.🚨 Saudi Public Investment Fund (PIF) are looking to invest in Milan after holding few meetings with Gerry Cardinale. PIF are evaluating the possibility of investing in the RedBird vehicle. Alternatively PIF were offered a bigger partnership with RedBird. Negotiations are ongoing… pic.twitter.com/ruimV004an— Milan Eye (@MilanEye) March 6, 2024 However, he did not specify anything about the minority package of shares, which would already be a serious association of the rich. In August 2022, Red Bird bought AC Milan for 1,200,000,000 euros. By the way, it is located in New York, but it is known that it cooperates with the International Media Investment fund, which is financed directly by the United Arab Emirates and Sheikh Mansour Bin Zayed Al Nahyan. Sheikh Mansour is the owner of the current European champion Manchester City through the City Football Group.Now imagine – Emiratis, Saudis, Americans, all together… It sounds scary – we are not sure that it would be good if it came true.
