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APA Milan ‘shares the imaginative and prescient’ of Cardinale and RedBird as they thank Elliott for his or her work


The AC Milan Small Shareholders Alliance have revealed a press release welcoming RedBird Capital as the brand new homeowners of the membership.

A press release on the membership’s official web site confirmed that RedBird are the brand new homeowners of the membership, finishing the takeover from fellow American fund Elliott Administration in a deal that’s value €1.2bn and sees Gerry Cardinale turn into the face of the membership transferring ahead.

Now, the Affiliation of Small Shareholders (APA Milan) have given their ideas on the takeover, welcoming the conclusion of the acquisition of the Rossoneri membership by Redbird who they consider will lead the membership ahead.

They revealed a press release through their official channels revealing their pleasure over the way forward for the membership, with their phrases relayed by SempreMilan.it.

“APA Milan believes it shares the imaginative and prescient illustrated by Redbird’s Founder and Managing Accomplice Jerry Cardinale and the intention to proceed investing in all key areas for the promotion of the membership’s sporting and industrial pursuits.”

Auro Palomba, President of APA Milan, declared: “As talked about, for 123 years Milan has been synonymous with soccer on the highest stage and APA Milan can solely look favourably on all of the entrepreneurial initiatives aimed on the success of the beloved Rossoneri membership.

“With the identical strategy we had with the Elliott fund, we assure any longer the identical spirit of collaboration and building that has all the time distinguished us within the sole curiosity of AC Milan SpA. with the members of the board of administrators additionally in view of the shareholders’ assembly that may kick off the brand new course.

“I might additionally wish to thank the earlier majority shareholder, the Elliott fund, in addition to the Singer household and all of the administration of AC Milan SpA who, with a unprecedented effort began in 2018 and with vital efficient work on the sporting and monetary entrance, have introduced the membership to win the Scudetto; on this sense we consider that now we have made our contribution and we’ll proceed to offer it with honest confidence relating to the continuation of a virtuous path that may see Milan on the prime of world soccer with the ambition to win.”



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