Gerry Cardinale and his RedBird are being protested by disgruntled fans, but there are no plans to sell.
Milan announced on Friday: “AC Milan today announced that a seller loan refinancing of entities advised by Elliott Advisors UK Limited (“Elliott”) has been completed.
“The refinancing with Elliott, solely in its position as lender, includes an additional investment of €170 million by AC Milan owner RedBird Capital (“RedBird”), reducing the principal amount of the loan to €489 million, now with a term of July 2028.”
When Elliott sold Milan to RedBird, they retained their places on the board and also added a loan to the club.
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