AC Milan is not just a football club. It is a symbol of Milan, Italy, and excellence in sports, representing the passion of millions of fans around the world. However, under the management of Elliott Management and RedBird Capital, this historic club has been reduced to a mere financial asset, handled with opacity and disregard for its legacy.

Elliott Management, notorious for its practices as a "vulture fund," profited enormously during Argentina's debt crisis, enriching itself at the expense of small investors and pensioners who were told their investments were unrecoverable. This same opportunistic approach was applied to AC Milan, as the club was acquired through questionable financial maneuvers. When the previous owner failed to pay a €32 million installment, he inexplicably allowed Elliott to take full control of the club instead of accepting a rescue offer from a qualified investor like Rocco Commisso. This raises serious concerns about the transparency of Elliott's actions.

Under RedBird Capital, the situation has not improved. Gerry Cardinale publicly promised sporting ambitions to reassure fans, yet in meetings with investors, he downplayed the importance of victories, showing an evident lack of interest in the club's success. Meanwhile, AC Milan's spending on its squad is among the lowest in Europe relative to revenue, while unexplained 'services costs' are among the highest. These contradictions are a betrayal of the fanbase and cast doubt on the club's financial transparency.

Moreover, with such unscrupulous and indifferent American investors, even the United States is suffering reputational damage on the global stage. AC Milan is a powerful ambassador of European football, and its current management highlights a lack of respect for the traditions and values that have made this sport a global phenomenon. Actions like these tarnish the image of American investors in the eyes of millions of football fans worldwide.

This is not just about AC Milan; it is about preserving the integrity of football and the cultural heritage it represents. We demand:

A transparent investigation into the acquisition of AC Milan and the ongoing presence of key Elliott figures in the club's leadership.

Regulatory protections to ensure that historic football clubs are shielded from speculative practices and financial exploitation.

A change in ownership, handing the club to qualified, transparent, and respectful investors who understand AC Milan’s traditions and ambitions.

AC Milan deserves better. Italy deserves better. Football deserves better. Sign this petition to demand transparency, respect, and a brighter future for one of the greatest clubs in the world. Together, we can protect AC Milan’s legacy and ensure its rightful place in the history of football.

#cardinaleout #elliottout #redbirdout