Lollo explains why Milan’s potential corporate changes would be ‘standard procedure’

Lorenzo Lollo has commented on AC Milan’s potential corporate changes next year, highlighting that it’s pretty much standard procedure in these situations. 

At the end of last week, Calcio e Finanza reported that Gerry Cardinale is looking for a new loan to repay the debt he owes Elliott Management. Either the American would refinance the loan (again) or repay it in full.

Subsequently, Matteo Moretto stated that some corporate changes could be on the cards for Milan next year. Of course, this immediately caught the attention of the Rossoneri fans, speculating on what the future might look like.

Lollo clarifies the developments

As clarified by Lorenzo Lollo, however, this is standard procedure in situations like this. As Cardinale would enter into an agreement with a loan partner, said partner would also have to be represented on the Rossoneri’s board of directors.

“Moretto and Romano’s comments on AC Milan’s corporate restructuring are perfectly consistent with the scenario that emerged a few days ago regarding RedBird’s debt refinancing.

“The financier could change, and consequently, the representatives for the investment could also change. Standard procedure, typical of the boards of directors of large companies,” he wrote on X.

Lollo, in case you’re wondering, is a pretty well-known Milan fan and broadcaster as he used to run the club’s Twitch project a few years back. Now, he only posts on his own YouTube channel, which has over 40k subscribers.