Gerry Cardinale Returns to Milanello: A Consistent Presence in Recent Weeks
Gerry Cardinale is expected back at Milanello to attend the team’s final training session ahead of the derby against Inter. The founder of RedBird Capital Partners will most likely also be at the stadium tomorrow evening to watch the derby in person — an appointment the Rossoneri’s owner does not want to miss.
This is a noteworthy development: over the past two years, Cardinale had rarely attended a Milan home match. Over the last month and a half, however, his visits to Milan have intensified considerably, splitting his time between Casa Milan and the training ground in Carnago. His physical presence has not gone unnoticed and appears to send a clear message of closeness and direct involvement in the Rossoneri project.
Elliott’s Exit and Convess’s Arrival: What Really Changes
Adding further substance to this new chapter is the official confirmation regarding the sale of the remaining 5% stake that was still held by Elliott Management. As previously reported by multiple sources, that stake did not grant any governance power: it was purely a financial participation, tied to the prospect of an increase in the club’s value over the coming years, potentially boosted by the construction of the new stadium.
An official statement definitively clarified the situation: Elliott has not held shares in Milan since August 2022, and the residual participation carried no decision-making rights. With the entry of the Convess fund, a brand-new chapter opens for Milan’s ownership, with RedBird now fully in charge without any remaining ties to the previous stakeholder.
Milan’s Financial Model: Self-Sufficiency and Sustainability
It is important to understand the economic model underpinning today’s Milan. The club is primarily financed through its own resources: matchday revenues, player sales, player trading, sponsorship deals, and marketing activities. Unlike the era of Silvio Berlusconi, there is no single owner writing personal cheques. Cardinale manages an investment fund, and the acquisition of the club’s shares is a RedBird operation as a financial entity, not a personal venture by the American businessman.
This does not mean ambitions are lacking. However, the real litmus test will be the upcoming summer transfer window: that is when we will see concretely whether Elliott’s definitive departure and RedBird’s greater freedom of action will translate into significant investments to strengthen the squad at the disposal of manager Massimiliano Allegri.
A Decisive Summer: Allegri Will Have a Say in the Transfer Market
The Livorno-born manager, back on the Rossoneri bench, will play a key role in identifying the profiles and characteristics of players needed to raise the team’s level. The coach will not run the market himself, but his experience and tactical vision will be essential in guiding the management’s choices. The goal is clear: to build a Milan that is competitive on all fronts, from Serie A to European competitions.
Cardinale’s increasingly frequent presence in Milan is a positive sign that bodes well for the future. Rossoneri fans await developments with confidence, knowing that next summer will be a crucial moment for the relaunch of Milan’s sporting project.
