Thu. Dec 26th, 2024

AC Milan Secures Future with Major Refinancing Agreement

AC Milan Secures Future with Major Refinancing Agreement

AC Milan has solidified its financial position under the ownership of RedBird Capital. The club has officially announced a significant refinancing deal with Elliott Advisors UK Limited, marking a new chapter in its financial strategy.

Key points of the agreement include:

  • An additional investment of €170 million from RedBird Capital
  • Reduction of the vendor loan principal to €489 million
  • Extension of the loan repayment deadline to July 2028

This refinancing demonstrates RedBird’s long-term commitment to AC Milan and strengthens the club’s financial stability. The move is expected to support AC Milan’s continued growth and success both on and off the pitch.

AC Milan’s President, Paolo Scaroni, expressed his satisfaction with the deal, stating, “AC Milan’s financial position has consistently improved under RedBird’s guidance. Significant work has been done to ensure our iconic club’s stability, positioning it for sustainable operational success and preserving the Rossoneri’s legacy, tradition, and values.”

This strategic financial maneuver underscores AC Milan’s ambition to maintain its status as one of Europe’s elite football clubs while building a strong foundation for future success.

By Vihaan Mehrotra

In the heart of Bangalore lives and works Vihaan Mehrotra, one of modern India's most insightful sports analysts. His childhood passion for cricket and field hockey evolved into a successful career. His daily column in Bangalore's digital media covers all significant world sporting events, from cricket matches to badminton tournaments. As a sports betting expert, he developed his own methodology for analyzing team statistics. His IPL match predictions are renowned for their 75% accuracy rate.

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