After securing financing to repay the vendor loan, RedBird and Gerry Cardinale have some big plans for AC Milan, which is something that Oliver and Isak discussed in the latest bonus podcast.
Yesterday afternoon, it was announced that RedBird had repaid the vendor loan to Elliott, with the American hedge fund officially exiting the club. This was made possible by financing from Comvest, and no representatives are expected on the board of directors from them.
With a longer deadline and a lower interest rate, RedBird will have both time and more money to focus on what matters. From the new stadium in the San Siro area to the exciting NBA Europe project, there are certainly things to look forward to.
In the latest edition of the bonus podcast, Oliver and Isak sat down to discuss what the new loan actually means for the club. Furthermore, they extended that discussion into some of the projects that Cardinale and Milan are working on (such as an indoor stadium in San Donato).
There is a 12-minute preview of the episode available completely for free below. To watch or listen to the full 50-minute episode, however, you need to subscribe to our Substack. You can try 7 days completely for free and get access to all the other bonus content as well!
It should be noted that it was recorded just before the official statement, but it doesn’t change anything in terms of what was discussed.