The indiscretion: Cardinale’s fund evaluates the move after the summer decision to leave the French board of directors to definitively avoid any problems with UEFA
The habit, as a consolidated company mission, usually involves taking steps forward. This time, however, RedBird could do one back. According to an indiscretion from Bloomberg, in fact, Gerry Cardinale’s fund is considering selling the Toulouse share capital. The US investment fund is said to be in the early stages of studying the feasibility of the operation. RedBird, from which the classic no comment on the issue comes, had acquired 85% of Toulouse in 2020, making the French club a model company especially in terms of management of the sports area through big data and algorithms.
COUNTERMEASURES
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With RedBird in charge, Toulouse were promoted to Ligue 1 and won the French Cup last season. Among the reasons that would lead RedBird to evaluate the sale of the club, there would also be (and perhaps above all) the potential conflict of interest with Milan. Something that UEFA had already taken care of at the beginning of the year, since Milan and Toulouse are participating in the Champions League and Europa League this season, two competitions that are ‘communicating’. Precisely to overcome this problem, among the various countermeasures there was Cardinale’s resignation from the Toulouse board of directors, plus other movements in both boards of directors. In the end, UEFA had given the green light, after having found the necessary guarantees from the independent management of the two clubs, but RedBird was evidently considering the total sale of the French club. However, we are still in the field of hypotheses, it being understood that from a Rossoneri perspective, regardless of the final scenario, nothing would change. Milan is not affected by the dynamics between RedBird and Toulouse.