APA Milan welcome RedBird, new stadium plans and potential ‘new stage’ for the club

By Oliver Fisher -

AC Milan’s Small Shareholders Association (APA) held a Shareholders’ Meeting today during which the takeover situation was discussed.

In a statement that they provided (via Calciomercato.com), the Association revealed their belief that Elliott Advisors UK Limited and the management have ‘done well by looking at both today’s Milan and tomorrow’s’ which enables a path of ‘transparency and sustainability’.

RedBird Capital’s introduction into the group of shareholders was ‘welcomed’ by APA Milan which will ‘immediately guarantee a spirit of collaboration and construction that has always distinguished the association’.

The Association have pledged to provide RedBird with ‘all useful and necessary interlocutions’ to help them, while they acknowledge that the potential for ‘corporate partnership, combined with sporting successes, the precious talent scouting activity, as well as an optimal commercial management’ could represent ‘an important development driver for Milan’ and a ‘new stage’ for the club.

The importance of the construction of a new stadium for Milan, ‘home only to the Rossoneri fans’, was something that the APA expressed their support for.

Auro Palomba, President of APA said: “AC Milan have shown Italy that you can win by playing a good game on the pitch and being sustainable at the club level. From the beginning Elliott and the CEO Ivan Gazidis have set a new AC Milan concept that has always received our support.

“As small shareholders, we very much appreciated Elliott’s thanks to the AC Milan fans; it was a revolutionary awareness in the world of football on the importance of fans as actual owners of club. Now, with the new corporate reorganisation, we will have to continue the path aimed at ethics and sustainability that hopefully will help Milan in returning to the top of world football.”

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