CorSera: The reason why Milan can’t fire Fassone
With AC Milan continuously disappointing on the pitch, the fans and football experts have began to point the finger at the two top managers considering them as part of the problem.
According to today’s edition of Il Corriere della Sera, in the agreement, at the request of Elliott Fund who have lent 303 million euros to Yonghong Li to close the purchase of AC Milan, it was written that CEO Marco Fassone, targeted by the fans and under heavy criticism in recent days together with sports director Massimiliano Mirabelli, can not by fired while the debt refinancing is in progress.
Such a thing can happen, also if the current owner Mr. Li decides so (or the new one if the club is sold) only when negotiations for debt refinancing are finished with success. However it is improbable that Li or the others shareholders require such a drastic move since Marco Fassone’s duty concerns only corporate governance while the man responsible for mercato is strictly Mirabelli.