Elliott Management will keep three board members at AC Milan as part of the transitional period to the new ownership RedBird Capital, a report claims.
According to what reported by Calcio e Finanza (via MilanNews), the acquisition of Milan by RedBird will involve a new board of directors which will come into action once the takeover is complete, but among them will be three familiar figures.
One will certainly be Gordon Singer, the son of the founder of Elliott Management – Paul Singer – as the man who is entrusted with the management of the fund’s London offices. Then, Stefano Cocirio will also remain with him and he is already present in the current Board of Directors as a financial analyst on behalf of Elliott and who previously worked for Credit Suisse and Banca Imi.
Finally, Giorgio Furlani will remain with the Rossoneri too, as a Portfolio Manager of the Elliott fund.
What that Board is doing? What is their responsibility and IF, how much they are paid?
The fact that you ask that question just means you shouldn’t be talking about any club at all. Every professional football club is a company that needs a board to steer it in the right direction. It has to be managed to pay it’s expenses and keep it financially healthy (or get back to that in case of AC Milan). In the end the board is responsible for everything the club does on and off the field. Bad decissions lead to the situations that we had a few years back. We should be aware of that more than anybody else because it has only been a couple of years that we were in a bad situation. Just keep your comments for the game on the field itself. Offside or no offside, bad player vs good player, and that sort of stuff.
@Ed3lm4n
Thank you for your explanation. You wanted to say, Board controling and give instruction to: President of club, CEO, Sporting director, coach, financial direktor, medical stuff, scouting department… what and how to run the club. Right? I know very well how company has to be run. My question was sarcastic, because Board is only waste of money. If they know how to run the football club, better than Gazidis, Moncada, Maldini, Masara… why than they are not in their position? Why spend millions for above named people?
Because you can’t run a football club with only sporting director, manager coach, and players. A professional football club is not only about playing football, far from it. The fact you still say that board is a waste of money means you don’t understand/unwilling to understand the main topic of the conversation you start yourself.
Awful…. please leave this club
How rich is Redbird?