Milan sale talks intensify after Saudi fund visits Milano

AC Milan could soon change its ownership again as Arabian investment funds are very interested in buying the majority stake of the club. Current owner Gerry Cardinale visited the Middle East at the end of last year, as the rumors suggested that he is looking for minor investor to take care of the loan Cardinale owes to previous Milan owner – Elliott Fund.

Now, though, the information states that representatives of the Private Investment Fund of Saudi Arabia (PIF) visited Milano to continue talks with Cardinale over possible sale of the majority stake of the team.

📰 @BINMIS7AL: The sale of #Milan is just a matter of time. #Cardinale is looking for an investor who could be a minority partner or someone to buy the entire package. He wants to divest from Milan within this year. Any potential buyer may not necessarily be linked to #PIF; there… pic.twitter.com/3GBa3ombW8

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The price of the Rossoneri is around 1.5 billion euros with loan to Elliott included and the Arabian fund is open to the idea to invest into the team. If the right offer is put on the table, Cardinale is open to sell, even though the got the club in the summer of 2022.