Milan News

A new partner is expected to join Elliot Fund in the management of AC Milan club.  Italian businessman Riccardo Silva and the Elliott fund are evaluating the hypothesis of allowing the Milanese entrepreneur to join the new AC Milan of Elliot with a minority share of between 5 to 20%. Thus begins the long article written by the colleagues of Milano Finanza. The Italian tycoon has been considering the idea of joining the Rossoneri club…

Now it’s official. Paolo Scaroni will be the 23rd president of AC Milan. He will succeed Yonghong Li, who lost control of the Rossoneri club in favor of the American fund Elliott a few days ago. But who is Paolo Scaroni? He was born in Vicenza in 1946 and graduated in economics and commerce at the Bocconi University of Milano. He later obtained a master’s degree in business administration from Columbia University in New York….

If you are expecting AC Milan to be sold soon you’ll be left disappointed. Elliot aims to remain owner of the Rossoneri for at least one year. The press release of Tuesday evening, with which Elliott announced that it had become the new owner of AC Milan, explained perfectly what the intentions of the American fund are: in particular, we are talking about a “long-term” project to relaunch AC Milan club and try to bring…

In the first minutes that Elliot became the new owner of AC Milan club the fund initiated a cleansing campaign with the entire board of Rossoneri Sport Lux (the company that owns Milan) being fired and replaced immediately by new managers. Now it’s time for changes to follow at club level. It’s no secret that the Americans never liked the work done by Marco Fassone and Massimiliano Mirabelli with the Italian duo at high risk…

With the passage of AC Milan club in the hands of Elliott, the debt of the Rossoneri will be nullified and there will be a single owner that will guarantee the business continuity of the club. Meaning that we will hardly see Milan get sold any time soon. According to reports by Il Corriere della Sera, the hope of the new management is that these two moves can be useful in the appeal to the…

Now it’s official: AC Milan passes from the hands of Yonghong Li to those of Elliott. After just 15 months, the Chinese era is over, now begins that of the American fund that last night at 11.15pm, through a press release, announced that it is the new owner of the Rossoneri and has a long-term project for the club. “Ownership and control of the holding company that owns AC Milan has today been transferred to…

AC Milan’s new signing Alen Halilovic was hailed by many the the successor of Luka Modric but his career has suffered a disappointing trajectory in recent years. The Croatian 22 year old attacking midfielder is the new signing of AC Milan. The former wonderkid of Dinamo Zagreb joins the Rossoneri on a free transfer after some short spells between Spain and Germany. The once destined for greatness prospect of Barcelona will try to revive his career…

AC Milan’s club manager Christian Abbiati has decided to leave the Rossoneri after just one year as part of the staff. Unexpected news coming directly from Milanello. Former AC Milan goalkeeper Christian Abbiati has resigned from his duty as club manager of the Rossoneri reports today Il Corriere della Sera. The 41 year old who was part of the Red and Blacks for 18 seasons joined the management staff of the club only last summer and has decided…

With Yonghong Li out of the picture Elliot has already started to make changes at the club by sacking the entire board of the Rossoneri company. President Yonghong Li tried until the last moment to reach an agreement for the sale of Milan but apparently his attempts to close a last-minute deal with Russian billionaire Rybolovlev failed. Elliot will take total control of the club this week. As reported by MilanNews.it, Elliott has initiated the…