Milan owner Cardinale returns to Italy, meets Furlani and Allegri | OneFootball

Milan owner Gerry Cardinale has returned to Italy, meeting the team, CEO Giorgio Furlani and coach Massimiliano Allegri on Wednesday morning.

Gazzetta dello Sport reports that Milan owner Cardinale has returned to Italy and visited coach Allegri at Milanello on Wednesday morning.

Cardinale returns to Milan

MILAN, ITALY – SEPTEMBER 03: Gerry Cardinale of AC Milan looks on before the Serie A match between AC Milan and FC Internazionale at Stadio Giuseppe Meazza on September 03, 2022 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

The last time Cardinale watched a Milan game at San Siro was in September 2024, in a 4-0 win against Venezia. The following November, he travelled to Spain for the Rossoneri’s Champions League match against Real Madrid.

During this time, obviously, Cardinale has remained in touch with the Milan management, so today’s meeting with Furlani is seen as a ‘sign of continuity,’ reports the pink paper.

Cardinale met with Allegri, Furlani and the team, but also held talks with President Paolo Scaroni and RedBird Advisor Zlatan Ibrahimovic.

MILAN, ITALY – DECEMBER 28: AC Milan coach Massimiliano Allegri looks on during the Serie A match between AC Milan and Hellas Verona FC at Giuseppe Meazza Stadium on December 28, 2025 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

Manulife Comvest to replace Elliott at Milan?

MILAN, ITALY – JANUARY 18: General view outside the stadium prior to the Serie A match between AC Milan and US Lecce at Giuseppe Meazza Stadium on January 18, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

Cardinale is also working to refinance the debt with Elliott by March, and according to Gazzetta, Toronto-based investment company Manulife Comvest is expected to provide the funds needed to pay off Elliott.

Negotiations are ongoing, and a deal would allow Cardinale’s RedBird to extend the payment timeline and, at the same time, lower the interest rates, remaining in control of the club with a long-term project.

“Milan is clearly in a phase of evolution,” wrote Gazzetta.

“It remains very important in the RedBird ecosystem and, for Cardinale, the club is an asset to be enhanced in the medium and long term, above all thanks to the stadium project, which in recent months has delivered a long-awaited breakthrough.”