Saudi Arabia's Public Investment Fund are in talks with Gerry Cardinale about BUYING AC Milan.

TMW says the feeling is that the Rossoneri are a project of interest for the Saudis, also due to the identification of San Donato as a potential area for the stadium.

More generally, Saudi Arabia's intention is to have, after Newcastle, also a club in Italy, conceived strategically as an investment possibility and with good margins for growth.

Interestingly, Elliott's loan expires in 2025 and Cardinale will need to find around €700m (including interest) to repay it.

Cardinale in recent days has stated: "I just arrived and they're already asking me to leave (smiles)? The way I think about exiting this investment is to find a way not to exit it. I think it's one of the greatest opportunities I've ever seen in my 30 year career.

"You can have an incredible community impact, nothing like what I've had so far. I want to find a way to capitalize and monetize for my investors and still remain an owner. I think there are many avenues to do that, but we're nowhere near that right now."