Longoni: Arab group ‘very determined’ to buy AC Milan from Cardinale

By Isak Möller -

The rumours regarding a potential takeover of AC Milan have not been dispelled. Instead, they have intensified and as reported by Andrea Longoni, there is indeed strong interest from an Arab Fund, hoping to convince Gerry Cardinale. 

Cardinale and RedBird completed the purchase of Milan in August of 2022, agreeing on a €1.2bn deal with Elliott Management. The American still needs to pay back a €600m vendor loan and this has inevitably fueled rumours of a potential takeover.

In his latest editorial for MilanNews, Andrea Longoni has once again shared his thoughts on the Arab interest. He was the first to report the interest of an Arab group, then suggesting that Paolo Maldini could be involved, and he remains certain on at least the former.

“The club is officially not for sale, but the interest of the Arab world is increasingly strong and insistent. It is not enough to read the denials and people labelling the interest as fake news. If Milan were for sale, do you think Cardinale would put signs up?

“Nobody knows the future, let’s be clear. Personally, I know with extreme certainty of an Arab group that is very determined to buy Milan. This does not mean that the club will pass to their hands, but who knows,” he writes.

It remains to be seen what will happen, but Cardinale is speaking to potential investors. If you want to learn more about Longoni and his career in journalism, you can take a look at the interview we did with him for our Substack.

Tags AC Milan Andrea Longoni Gerry Cardinale

25 Comments

  1. We already see city and psg with their huge no limit fund. I hope they can buy milan. So italian club can have strong at least form their financially for fight in european football.

    1. Having a huge budget isn’t everything. What happens when they get tired of their toy?

      If they stop pumping money into those 2 clubs within 5 years they’re back to the middle of the table where they were before. Shity might last a decade with premier money.

      And ofc there is the ffp. Milan can’t just spending a billion and expect to not get banned from uefa cups, again!

      1. Yeah But Milan can’t stay in the cage made by the USA owner, failing to land players those would have mad the leap in quality as the Udinese player Samardzic, or Bueongiorno CB of the Torino, just beacause they exceed slightly 20 millions.

        Cardinale always showing his lack of sporting ambitions, rarely in the stadium, he just cares about the account to sell in the right moment & conditions, as A Milan fan since my childhood, Im fed up with him and his managers Furlani-Moncada-Pioli

        1. what cage? Milan is slowly building a team. obviously its gonna take time. Is cardinale at fault Milan was sh!t for the past decade with lossing money season in season out?

          Newcastle got a load of money and they bought left and right and where are they? Yall think that rich owners = insta success and its not gonna happen. All we’d do is overpay for players and still battle for top 4

          1. Lol they made it into the UCL and that would have never been possible even in another universe if they didn’t have that sort of investment in. Sit this one out dude you sound ignorant

      2. There is no evidence of the arab owners getting tired of investing in City or PSG, they have already been there long term.
        No club owner lasts forever.
        City are now 16 years under their ownership and PSG 13

        1. While there are several examples of American ownership taking out huge loans and saddling clubs with debt so they can earn large dividends.

          Bottom line is American investors take money out of their clubs while the arab owners put money in

        2. Agree bro. They build club facility and also upgrade their primavera / youth product team. No matter who you are, as milan fans we agree for better future

  2. Cardinale has probably planned this from the very beginning. It’s the reason why he has spent so little money on transfers apart from what has been generated through sales. From the moment he bought the club, he knew that he wasn’t gonna keep it for more than 1-2 years at most. That’s why he took the loan from Elliott. Cardinale is just a middle man in a much bigger deal involving a Saudi group. Milan’s valuation increases, which will make Gerry and his investors lots of money when the club passes to another. Elliott makes a shit ton of money on their vendor loan and the Arab group gets a sport washing tool in the heart of Milano. Win/win for everybody.

    I am by no means angry about that. Arab money is needed for Milan and Serie A to compete with the Premier League 👌

  3. Very unlikely this will happen gerry elliott have no intention of selling plus there is the small matter of uefa plus italia football federation not to mention outside interference regarding putting obstacles in the way.

    Italian football needs a BIG SHAKE UP starting with the league if the super league doesn’t happen then mabe get those private investors to buy the league so to speak?

    Also Racism IS NOT JUST AN ITALIAN THING sadly no matter where you are in the world it’s there in some discipline or other also the world not just football should get together to KICK IT OUT FOR EVER.

        1. Yea but that’s exactly it. Who’s investing 500m into a team.and then have no control over anything. Just a straight 10% return on investment? Best to just invest in a high dividend company

  4. What I forsee is Gerry selling a stake due to the €600m payback, build the stadium(which is fulfilling his promise) then stay like 2-3years to get his profit and finally pass on the 100% to the Arabians who got the stake…

  5. Please sack moneyball Moncada and sign someone who can actually read and evaluate players performances, skillsets and potential.

    Going from a respected figure like Maldini to Moneyball Moncada has changed Milan from being a serious side to be respected to a selling team with a penchant of signing players on the cheap and hoping their value goes up – because – hey, we’re Milan.

    I mean, who cares about players and team chemistry in general, when you can Moneyball it and make a bunch of money? Moneyball Moncada!

    SIGN SOMEONE WITH EXPERIENCE AND KNOWLEDGE.

    Leave the moneyball tactic to the teams in the lower league and/or bottom half of the table. NOT MILAN.

  6. ARAB MONEY IS THE ANSWER
    Newcastle, under no-money English ownership, was at the bottom, relegation material, poppin in and out of Championship
    Man City, do we need to talk about them?
    ARAB MONEY IS THE ANSWER

  7. Italian FC never owned by Huge Spender, i don’t know will the Huge Spender strategy will good for modern football in FPP strict regulation. When there is no strict FFP, it has been proven good for clubs like : Chelsea and PSG.

    For Football Club business strategy work best for modern day is like Red Bull group, Brighton, Ajax, and Real Madrid (The Best).
    They focused on Youth Sector, go in transfer market pretty rarely and only buy the right ones with right planning, and keep eye on FFP. And all of it already done by Redbird.
    Only the transfer strategy need improvements : Keep right plan for the new signings. At example, Vinicius Jr at Real Madrid, he was for 3-4 years after his signing and he didn’t do well at 1-2 year but they keep him. Same pattern with Camavinga, Valverde, Rodrygo, etc.
    So we need evaluate Charles De Ketelaere, he is good now with Atalanta. So keep him at ACM, he will grow. Not all signing will perform well instantly, only the mature signings (> 25 yrs old) will perform instantly. And we want max 23 years old for new signings.

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