CLUB STATEMENT | OneFootball

MILAN, ITALY, December 20, 2024 – AC Milan today informed that a refinancing of the vendor loan held by entities advised by Elliott Advisors UK Limited ("Elliott") has been completed. The refinancing with Elliott, in its position solely as lender, includes an additional investment of €170 million by AC Milan's owner, RedBird Capital ("RedBird"), reducing the principal amount of the loan to €489 million, now with a maturity of July 2028.

Paolo Scaroni, Chairman of AC Milan, commented: "Over the course of the past few years, AC Milan’s financial positioning has steadily grown and strengthened under the guidance of RedBird, a committed owner for the long-term. Significant work has been done to ensure the stability of our iconic club, position it for sustainable operational success and uphold the legacy, tradition and values of the Rossoneri."

About AC Milan Founded in 1899 in Milan, Italy, AC Milan is one of the most iconic and historic brands in global sports. In its 125-year history, AC Milan's on-the-pitch success has been marked by 7 Champions League titles (2nd most in European football), 19 Serie A titles, 5 UEFA Super Cup (record: tied) and a FIFA World Cup. The Club currently plays its home games at San Siro Stadium in Milan and is developing a new 70,000 seat stadium that will be one of the most advanced modern sports and entertainment complexes in the world. With its sporting accomplishments and iconic red and black striped jersey, AC Milan is among the most recognized sporting brands in the world, with over 550 million fans globally. In August 2022, RedBird Capital Partners, a New-York based private equity firm founded and led by Gerry Cardinale, became the controlling owner of the Club. As part of that acquisition, RedBird brought in its long-time partner the New York Yankees as a minority investor. AC Milan has offices in Milan, Dubai and Shangai. For more information, please visit www.acmilan.com.

Media Contacts:

Marcella Verini Verini & Associati +39 335 5388161 mverini@verinieassociati.com

Dan Gagnier Gagnier Communications +1 646 569-5897 RedBird@gagnierfc.com