Paolo Scaroni briefly spoke about the sale of Milan, as he was a guest on il Festival dell’Economia.
This week it was announced that RedBird have found an agreement with Elliott to buy Milan for €1.2 billion and Gerry Cardinale is now the new Rossoneri owner.
Paolo Scaroni, Ivan Gazidis Paolo Maldini and Frederic Massara are all expected to stay and keep their jobs, and today the Milan President spoke about Cardinale at il Festival dell’Economia, as reported by Calcio&Finanza and Milannews.it:
“Gerry Cardinale, son of second generation of Italian emigrants, studied in Philadelphia, then Harvard and then he won The Rhodes Scholarship, which is the biggest scholarship to go to Oxford and which is given to 2 people a year; then he did 23 years at Goldman Sachs and then he created a fund and bought Milan,” Scaroni said. “He didn’t buy Milan because he likes playing football, but because it’s an important investment. He is a ‘fuoriclasse’ [a cut-above others].
“It will take 2-3 months for the ‘closing’ but the transaction is done. And I’m happy that all this happened before the mercato because we are entering a phase in which decisions will have to be made and it’s good to make them.”