According to Gazzetta dello Sport, Cardinale has injected €50 million into AC Milan, with winter transfer targets including Gonçalo Inácio and Endrick.

Cardinale stated in an interview with Gazzetta dello Sport in May: "I can't coach, I can't score goals, and I can't defend on the pitch. But I can provide the funds to build a winning team. My job is to manage finances and foster a sense of urgency and a winning culture. Everyone should assume I will fulfill my responsibilities. I'm a fighter, and I won't stop until we win."

Gazzetta dello Sport understands that AC Milan's owner has injected €50 million in recent weeks and is preparing additional equity injections in the coming months, though exact amounts have yet to be determined.

This injection comes during the most critical period since RedBird Capital took over AC Milan from Elliott in summer 2022. AC Milan is projected to miss the Champions League for a second consecutive season, impacting club revenues. The board, chaired by Paolo Scaroni, recently approved financial reports for the period ending 30 June 2026, showing AC Milan posted a loss of €24 million, reversing three consecutive years of profits: €6 million in FY2022-23, €4 million in FY2023-24, and €3 million in FY2024-25.

Deficits are also projected for FY2026-27, though Europa League participation could ease some pressure. AC Milan's net equity is sufficient to absorb losses; on 30 June 2026, after covering the FY2025-26 loss, net equity will still amount to €176 million, demonstrating the club's relatively strong financial position. Therefore, Cardinale's injection is not to restore net equity under accounting standards, but to meet the club's cash flow and investment needs while avoiding excessive reliance on debt leverage. RedBird Capital has always favored careful use of leverage; while AC Milan's net financial debt continues to grow, it currently stands at €145 million compared to Juventus's €331 million.

The transfer market is the most direct evidence. This summer, AC Milan increased squad costs by approximately €30 million and invested around €160 million on new players, excluding revenue from player sales. The club believes its development plan depends on a competitive team capable of consistently returning to the Champions League.

AC Milan intends to continue heavy investment in the January transfer window. Gazzetta dello Sport recently reported that club targets include Sporting CP defender Gonçalo Inácio and Real Madrid forward Endrick. AC Milan already bid over €40 million for Inácio this past summer; Endrick could join on loan, with the primary accounting impact being salary costs.

Cardinale is currently involved in club operations and financial support. Now in its fifth year leading AC Milan, RedBird Capital has implemented an "owner-operator" model at the club. The American fund not only holds assets but also seeks to build internal operational capabilities across various areas including commercial activities, data and artificial intelligence, ticket sales, hospitality, and licensing.

Between 2023 and 2024, RedBird Capital injected €55 million into AC Milan to cover stadium project-related costs. This recent equity injection is the first time the club owner has invested directly in sports operations, aiming to strengthen AC Milan's competitiveness and restart its corporate growth plan.

The stadium project is also progressing after Italy's administrative court rejected an appeal against the San Siro sale. On 29 October, Foster + Partners and Manica will present the first renderings of the new San Siro stadium. AC Milan targets beginning major construction in summer 2027 and opening the new stadium in 2031.

To maximize the value of RedBird Capital's assets, AC Milan needs not only a modern, fully functional home stadium but also a team capable of consistently competing in international markets and a brand with international influence.

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