A Serie A club is in search of investors due to substantial financial liabilities

Football news 07 dec 2023, 13:59
Steven Perez Dailysports's expert Steven Perez
A Serie A club is in search of investors due to substantial financial liabilities Photo: https://twitter.com/acmilan

The top executives of AC Milan are actively engaged in securing new investments, as the club grapples with substantial financial obligations, as reported by La Verita.

According to sources, the club is soon required to settle a loan of approximately 550 million euros left by the previous owner. Consequently, the new owner of Milan, Jerry Cardinal, is in pursuit of fresh investors. Cardinal has held several meetings in Bahrain, where the club's general manager, George Fulani, was also present.

As per Calciomercato, representatives of the Rossoneri are in negotiations with Investcorp, which was one of the contenders for acquiring the club last year. Cardinal himself has no plans to divest a portion of his shares. Any changes in the club's leadership will be treated as a long-term endeavor.

It is worth noting that Milan is interested in signing the legendary Bayern Munich player, Thomas Muller. This could materialize in the upcoming summer when the player's contract expires. If the bosses of the German club opt not to extend the agreement with the veteran, Milan will make an attempt to acquire the player as a free agent.

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