While Yonghong Li has managed to extend his stay as AC Milan president, Elliott continues to lurk in the background already planning for life after the Chinese.
La Gazzetta dello Sport unveils some interesting background moves regarding the future of AC Milan. In the event that Mr. Li is forced to quit the club unable to pay his dues Elliot Fund will automatically trigger the clause that allows the American fund to actively enter the economy and the management of AC Milan because of the covenant (pre-established rules) not respected by the Chinese ownership.
Furthermore, Elliott has already planned an upheaval of the Rossoneri management: Out Marco Fassone and Massimiliano Mirabelli, managers not too much appreciated by the New York executives, and IN new quality profiles, such as sports director Cristiano Giuntoli from Napoli and the inclusion of Paolo Maldini, the historic captain who has refused a role in the Chinese Milan but who would be ready to return to the Rossoneri with more solid guarantees reports La Repubblica.
While CEO Marco Fassone insists that president Yonghong Li has no intention of leaving, the Rossoneri’s continuous struggles cast even more doubt on the future of Mr. Li. Elliot and Paul Singer what to be prepared for every occasion and have cope up with a drastic solution (revolution) for the club.
