Crucial challenges facing Milan in the Mercato!

Milan focus on their transfer strategy as having been affected by a lack of fresh money, RedBird Capital's takeover of the club after Elliott Management decided to sell the majority of there and still includes a loan from previous owners Elliott. When RedBird clinched a €1.3bn agreement to acquire Italian giants and Serie A champions AC Milan earlier last month from another US ownership group, fans were jubilant and dreaming of a massive swoop in the transfer market to rival Paris Saint-Germain, Manchester City, and Real Madrid. However, they have instead seen supposed deals with Lille's Sven Putman and Renato Sanchez in the wind, as there is no clearance to raise bids. La Gazzetta Dello Sport has tried to determine the situation, which resulted in part from signing a takeover deal, but the shutdown won't be until September. This report shows that the figure Milan can spend on the transfer market this summer is only about 50 million euros. Another problem is that Redbird received a loan from the seller from the previous owners of Milan Elliott in order to complete the acquisition .There are various reports about the size of this loan in fact, and the rate of interest being charged, but the newspaper claims that sponsor Jerry Cardinale is currently back in New York in an attempt to raise new money from investors.
Cardinale also has to deal with the problem of sporting directors Paolo Maldini and Ricky Massara, whose contracts will expire on June 30. Maldini is said to want more guarantees of decision-making powers within the club than CEO Ivan Gazidis.