ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
New Debt Facilities Create Long-Term Financial Flexibility and Eliminate Loans Related to the Acquisition of the Club in 2022 NEW YORK–(BUSINESS WIRE)–RedBird CapitalNew Debt Facilities Create Long-Term Financial Flexibility and Eliminate Loans Related to the Acquisition of the Club in 2022 NEW YORK–(BUSINESS WIRE)–RedBird Capital

RedBird Capital Partners Completes Refinancing of AC Milan

Author: AI JournalSource: AI Journal
2026/01/31 00:32

New Debt Facilities Create Long-Term Financial Flexibility and Eliminate Loans Related to the Acquisition of the Club in 2022

NEW YORK–(BUSINESS WIRE)–RedBird Capital Partners today announced the successful completion of a refinancing that strengthens AC Milan’s capital structure and long-term financial flexibility.

The transaction refinances the acquisition-related vendor financing originally provided by entities advised by Elliott Advisors UK Limited (“Elliott”) in connection with RedBird’s acquisition of AC Milan and replaces it with new institutional debt financing arranged by Comvest Credit Partners.

The refinancing aligns the Club’s capital structure with RedBird’s long-term strategic and operational objectives for AC Milan as the club’s sole control owner. As part of the transaction, Elliott Managing Partner Gordon Singer and Associate Portfolio Manager Dominic Mitchell will step down from the AC Milan Board. No other changes have been made to the Board or Management team, preserving continuity in the Club’s governance and operational oversight.

Gerry Cardinale, RedBird’s Managing Partner and President of AC Milan, said, “Over the past three years, we have worked to consistently strengthen AC Milan’s financial and sporting performance, returning the Club to profitability and building a strong, more sustainable foundation for its future. Our ownership of AC Milan is driven by a long-term commitment to the Club, its leadership in the city of Milan and its heritage as one of the most successful European football clubs in the world. With the San Siro project now underway, we are even more confident in the Club’s trajectory and our ability to support its continued growth and success. We will continue to identify opportunities to enhance value while elevating AC Milan and the city of Milan on the world stage.”

Gordon Singer said, “We are proud of what AC Milan has accomplished since Elliott acquired the club in 2018. Under Elliott’s ownership and subsequently RedBird’s, the club’s financial and sporting performance have improved significantly and the team has won two major trophies, including the 2021/22 Scudetto. The stewardship of a historic institution like AC Milan is an important responsibility, and we wish RedBird continued success in the future.”

About RedBird Capital Partners

RedBird Capital Partners is a private investment firm that builds high-growth companies and provides strategic capital solutions to founders and entrepreneurs. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate, focusing on two core ecosystems – Sports, Media & Entertainment and Financial Services. The firm currently manages over $14 billion in assets on behalf of a global group of blue chip institutional and family office investors. For more information, please go to www.redbirdcap.com.

About AC Milan

Founded in 1899 in Milan, Italy, AC Milan is one of the most iconic and historic brands in global sports. In its 125-year history, AC Milan’s on-the-pitch success has been marked by 7 Champions League titles (2nd most in European football), 19 Serie A titles, 5 UEFA Super Cup (record: tied) and a FIFA World Cup. The Club currently plays its home games at San Siro Stadium in Milan and is developing a new 70,000 seat stadium that will be one of the most advanced modern sports and entertainment complexes in the world. With its sporting accomplishments and iconic red and black striped jersey, AC Milan is among the most recognized sporting brands in the world, with over 550 million fans globally. In August 2022, RedBird Capital Partners, a New-York based private equity firm founded and led by Gerry Cardinale, became the controlling owner of the Club. As part of that acquisition, RedBird brought in its long-time partner the New York Yankees as a minority investor. AC Milan has offices in Milan and Dubai. For more information, please visit www.acmilan.com.

Contacts

Dan Gagnier
Gagnier Communications
RedBird@gagnierfc.com

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip

Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip

The post Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip appeared on BitcoinEthereumNews.com. Gold is strutting its way into record territory, smashing through $3,700 an ounce Wednesday morning, as Sprott Asset Management strategist Paul Wong says the yellow metal may finally snatch the dollar’s most coveted role: store of value. Wong Warns: Fiscal Dominance Puts U.S. Dollar on Notice, Gold on Top Gold prices eased slightly to $3,678.9 […] Source: https://news.bitcoin.com/gold-hits-3700-as-sprotts-wong-says-dollars-store-of-value-crown-may-slip/
Share
BitcoinEthereumNews2025/09/18 00:33
XRP Escrow Amendment Gains Momentum, Set for February 2026 Activation

XRP Escrow Amendment Gains Momentum, Set for February 2026 Activation

TLDR The XRP Ledger’s Token Escrow amendment has gained 82.35% consensus and is set for activation on February 12, 2026. This amendment allows users to escrow a
Share
Coincentral2026/01/31 01:00