GdS: Milan to hold shareholder meeting after vendor loan extension – the reason | OneFootball

After the extension of the vendor loan, AC Milan will hold a shareholder meeting later this month to discuss the expansion of the board.

On the management level of Milan, it has been quite a hectic 12 months. Not only have there been several suggestions that Gerry Cardinale is looking for investment, but there have also been reports claiming that he has looked to sell the club completely.

At the time of said reports, there was a quick response from RedBird, and Cardinale offered the biggest show of his plan most recently, extending the vendor loan on the club.

It has not helped his relationship with the fans yet, though, and the American was left frustrated by recent protests.

He remains focused on doing the best for the club, and this is why he extended the vendor loan.

As a result of the extension though, the Rossoneri will now hold a board meeting to expand the board to 12 members, according to Gazzetta dello Sport. It is reported that another Singer representative will be added to the board, after the refinancing.

Currently, the Elliott Group only has one member on the board, albeit, as Gazzetta states, a ‘heavy one’ the fund would now like to add another, which it is entitled to do.