Gazidis pockets huge payday from AC Milan ownership change
Rossoneri CEO Ivan Gazidis is one of the big winners from Elliott Management’s AC Milan club sale to RedBird Capital. In the summer of 2018 Elliott Management took control of AC Milan club after former owner Yonghong Li failed to repay the €303 million loan debt owed to the American hedge fund. Latter, Elliott appointed Ivan Gazidis as the new CEO of the Rossoneri club after convincing the South African executive to abandon his long-time…
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