Elliott Management are certainly appearing to be interested in running Milan like an actual football club.
Reports indicate that Paul Singer, the founder and CEO of Elliott Management, is interested in bringing current Arsenal CEO Ivan Gazidis to Milan. While Arsenal’s performance on the pitch has been less than ideal in the past few years, the financial position that Arsenal is in is light-years away from where Milan currently sits, and it’s not as if Milan have been tearing up Serie A lately either.
Singer and Elliott have promised to inject cash into Milan to make it stable, almost certainly to re-sell the club at a profit. Appointing an experienced executive like Gazidis would be a step in the right direction in terms of stabilizing Milan and getting the financial house in order after the chaos of the Yonghong Li ownership.
Let’s hope that all of this ends with a more stable Milan, even if it would be a bit boring.
On to the links.
AC Milan and Italian Football Links
After failing to make a deal for Milan, one of Rocco Commisso’s people sounded pretty salty on Twitter. [AC Milan Offside]
The appointment of a new president for Milan will have to wait. [AC Milan Offside]
The US rights to show Serie A are suddenly going a bidding war with ESPN & Turner competing for them. [Viola Nation]
World Football Links
The England FA was fined £50,000 by FIFA because two of the England players wore the wrong socks. [BBC.com]
MP & Silva, a media rights company that was co-founded by potential Milan bidder Riccardo Silva appears to be in serious financial trouble. While he and Leeds United owner Andrea Radrizzani no longer have operational control of the firm, they do still own a significant stake in the company. [Through It All Together]