Report: RedBird could sell minor stake in Milan to David Ellison | OneFootball

Reports in Italy claim that Milan owners RedBird Capital are considering selling a minor stake in the club to American media proprietor David Ellison, current chair and CEO of media conglomerate Paramount Skydance.

Reports David Ellison could acquire minor stake in Milan

RedBird Capital Partners is a US-based investment management firm founded and managed by Gerry Cardinale. RedBird owns 99.93% of the shares in Milan.

According to reports from Milano Finanza, Cardinale and RedBird are not looking to sell the club, but are open to the possibility of selling a minority stake to Ellison family.

INDIAN WELLS, CALIFORNIA – MARCH 13: Paramount Skydance chairman and CEO David Ellison looks on during Day 10 of the BNP Paribas Open at Indian Wells Tennis Garden on March 13, 2026 in Indian Wells, California. (Photo by Matthew Stockman/Getty Images)

Cardinale and Ellison’s paths have crossed on numerous occasions previously. RedBird invested in Ellison’s Skydance Media in 2020, prior to its heavily-politicised merger with Paramount Global. RedBird also provided significant funding during Skydance Media’s acquisition of Paramount in 2024.

Now operating as Paramount Skydance, Ellison’s firm launched numerous bids to acquire Warner Bros. Discovery in September of 2025, which was, again, partially funded by Cardinale’s RedBird firm.

According to Milannews.it, the Rossonero club is currently valued in the region of €1.6 billion, which could rise significantly to €3-€4 billion once the construction of the club’s new stadium is complete.