RedBird Capital Archives - The Cult of Calcio

RedBird Capital are mulling Damien Comolli for an apical role at Milan, especially should they sell Toulouse, which is in the works.

Milan Could Be Headed for Another Front Office Shake-Up

April 11, 2024 Enrico Passarella AC Milan, Calciomercato, Italian Football, Monza, Roma, Serie A, Serie A 2023-2024, Transfer Market

RedBird Capital are mulling Damien Comolli for an apical role at Milan, especially should they sell Toulouse, which is in the works. He’s currently the president of the French side. He’d likely come in as the CEO, which would reshuffle the Rossoneri’s hierarchy.

The Milan DA’s office has transmitted the paperwork of the ongoing inquiry on RedBird Capital and Elliott to the federal prosecutor.

Federal Prosecutor Gets Documents to Open Milan Probe

March 19, 2024 Enrico Passarella AC Milan, Italian Football, Serie A, Serie A 2023-2024

The Milan DA’s office has transmitted the paperwork of the ongoing inquiry on RedBird Capital and Elliott to the federal prosecutor. He will have up to 120 days to investigate the matter. Then, he'll decide whether it merits a referral or if it shoudl be dismissed.

Milan might eventually face some punishment for the ongoing probe about their ownership structure, but not in the short term.

Milan Not Expected to Be Disciplined Anytime Soon

March 15, 2024 Enrico Passarella AC Milan, Italian Football, Serie A, Serie A 2023-2024

Milan might eventually face some punishment for the ongoing probe about their ownership structure, but not in the short term. The inquiry was born from ordinary justice. The detectives will need to prove they have enough evidence to support their accusation.

Milan officials keep dismissing rumors about selling a stake in the team to PIF, but a document part of the ongoing investigation says otherwise.

Newfound Document Reveals Outline of Milan, PIF Deal

March 13, 2024 Enrico Passarella AC Milan, Calciomercato, Italian Football, Newcastle United, Serie A, Serie A 2023-2024, Transfer Market

Milan officials keep dismissing rumors about selling a stake in the team to PIF, but a document part of the ongoing investigation shows that something could, or perhaps was, in the works in that respect. The Saudi fund alreay owns Newcastle.

Milan have been canvassing the market for a new no.9 and, regardless of other moves, they are ready to spend about €50M for a young center-forward.

Milan Exec Under Investigation over Ownership Structure

March 13, 2024 Enrico Passarella AC Milan, Italian Football, Serie A, Serie A 2023-2024

The Milan HQ was raided by the Italian finance police on Tuesday, searching for documents related to the change of ownership from the Elliott fund to RedBird Capital back in 2022. Current CEO Giorgio Furlani and the previous one, Ivan Gazidis, are under investigation

Milan shocked their fans by firing Paolo Maldini and Frederic Massara. President Paolo Scaroni explained the reasons behind the choice.

Scaroni Elaborates on New Milan MO Without Maldini

June 8, 2023 Enrico Passarella AC Milan, Calciomercato, Italian Football, Serie A, Serie A 2022-2023, Transfer Market

Milan shocked their fans by firing directors Paolo Maldini and Frederic Massara. President Paolo Scaroni explained the reasons behind the choice and how the club would operate going forward: However, we have an innovative and more collegial model. We’ll work as a team in every area."

The stunning developments at Milan will have immediate effects on a few negotiations and their transfer market plans, but not on their dugout.

How the Milan Strategy Will Change After Recent Events

June 6, 2023 Enrico Passarella AC Milan, Bologna, Calciomercato, Chelsea, Italian Football, Lazio, Serie A, Serie A 2022-2023, Transfer Market

The stunning developments at Milan will have immediate effects on a few negotiations and the transfer market plans, but not on their dugout. Stefano Pioli was blindsided by Paolo Maldini and Frederic Massara’s ousting. The ownership signaled their its in him, and he'll remain the coach.

Paolo Maldini could be the one to pay the price if Milan failed to qualify for the Champions League. The exec had bitter remarks following the elimination.

Maldini and RedBird Capital No Longer Seeing Eye to Eye

May 18, 2023 Enrico Passarella AC Milan, Calciomercato, Italian Football, Serie A, Serie A 2022-2023, Transfer Market

Paolo Maldini could be the one to pay the price if Milan failed to qualify for the Champions League. The exec had bitter remarks following the elimination at the hands of Inter, inviting the ownership to invest more and hinting that the front office had different plans for the transfer market.

As was widely expected following the RedBird Capital takeover, Ivan Gazidis will leave Milan after four years. His contract will run out on December 5th.

Milan Confirm that CEO Gazidis Is Leaving the Team

November 10, 2022 Enrico Passarella AC Milan, Italian Football, Serie A, Serie A 2022-2023

As was widely expected following the RedBird Capital takeover, Ivan Gazidis will leave Milan after four years. His contract will run out on December 5th and will not be extended. Elliott appointed the South African executive while the club was in hot water financially after the Yonghong Li era.

New Milan owner Gerry Cardinale shared his thoughts on Milan and Serie A and explained why RedBird Capital decided to target and ultimately buy the club.

Cardinale Expounds on His Vision for Milan and Serie A

September 30, 2022 Enrico Passarella AC Milan, Italian Football, Serie A, Serie A 2022-2023

New Milan owner Gerry Cardinale shared his thoughts on Milan and Serie A and explained why RedBird Capital decided to target and ultimately buy the club during the sports business convention ‘Leaders Week’ in London: "Our interest for the team and its brand involved the Italian league and its potential too."

With the takeover process now complete and the summer window in the books, Milan will concretely re-engage the talks to extend the contract of Rafael Leao.

Milan to Face Thorny Extension Talks with Star Attacker

September 5, 2022 Enrico Passarella AC Milan, Calciomercato, Chelsea, Italian Football, PSG, Serie A, Serie A 2022-2023, Transfer Market

With the takeover process now complete and the summer window in the books, Milan will concretely re-engage the talks to extend the contract of Rafael Leao. His present one will expire in 2024, forcing the Rossoneri to act sooner rather than later. The negotiation will not be quick.

The negotiation between directors Paolo Maldini, Ricky Massara and the Milan brass has gone on until the last day of their contracts.

Milan Managerial Power Struggle Goes Down to the Wire

June 30, 2022 Enrico Passarella AC Milan, Calciomercato, Italian Football, Serie A, Serie A 2022-2023, Transfer Market

The negotiation between directors Paolo Maldini, Ricky Massara and the Milan brass has gone on until the last day of their contracts. While nobody forbids them from striking a deal later on, they would not have any tie to the club starting tomorrow.

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