In recent weeks, AC Milan owner Gerry Cardinale has travelled to the Middle East alongside CEO Giorgio Furlani, seeking investment into the club to pay the €550million vendor loan owed to Elliott Management before the 2025 deadline.
When RedBird took over Milan from Elliott Management in 2022, half of the €1.2billion fee was paid upfront, with the rest scheduled to be paid through a vendor loan.
Whilst the deadline is not until 2025, Cardinale would prefer to pay that back sooner than then, hence his recent trips to the United States of America and the Middle East to seek investment, given his contacts and relations within both regions.
Repubblica (via RadioRossonera) have written that Cardinale would ideally prefer to have paid the vendor loan back by the end of 2024, with the summer being seen as a reasonable and achievable target. As a result, it would mean that the Elliott group would no longer have any influence in the club.
The newspaper has also stated that a deal is reportedly underway, which only further concretes the suggestions that the loan could be paid off far before the deadline.
