Elliott Management’s time at AC Milan may be coming to an end, but they deserve immense credit for the work they have done in the last four years.
Corriere dello Sport (via MilanNews) reports how Elliott have restored the club’s accounts, increasing the value of the Rossoneri with still ample room for growth and have helped revive Milan’s on-field fortunes too by imposing a clever recruitment strategy that has allowed many young talents to grow and prosper.
The previous ownership of Yonghong Li left the Rossoneri in dire straits with significant debts. Elliott then acquired Milan for €300m and in recent weeks they have received offers from Investcorp and RedBird for around €1.2bn which shows the work that they have done.
Factors such as imposing a salary ceiling and avoiding reckless investments have been helpful, all while increasing revenues as the club managed a turnover of €300m last season thanks also to the return to the Champions League.
The team have secured Champions League qualification for the 2022-23 season and could yet win the Scudetto if they get the right result this weekend, yet there is still a lot of room for improvement and growth.
On the playing side, the Rossoneri have a squad that season after season is increasing its value which consequently increases the value of the club, as well as the appeal of the brand globally. Elliott are listening to the offers that have arrived but it must be stressed that they have not been looking for buyers.
Bids have arrived, but the current stance is that the American fund do not have the need to sell Milan also because they are aware that the project can still grow and guarantee a greater source of income in the future.
Elliot has credits for buying Milan from that scammer Yohongli.
But most credits for saving Milan are on Maldini, Masara, Moncada, Pioli, and the players hands. Without them, Milan probably still stuck at mid-lower table and dreaming about coming back to Champions League or winning scudetto.
Do you understand that he loaned from Elliot investment fund and they just took Milan as a collateral and it became theirs when he couldn’t pay back? They didn’t buy anything or should get credits for that. 😀 They did a good job afterwards, that is where credit should be due, for getting the right people in to run Milan.
They’ve honestly done a great job running our club after the mess that ChineseGuy put us in. I understand that they don’t want to sell us and I have no problems for us to keep functioning under Elliot. They’ve run this club phenomenally well economically making important investments and we are on our way to win the scudetto.
But they themselves should realize our team is bleak. Pioli and the boys have bridged this gap really well and kudos to them for that but we lack many quality players for the attack. Now if we win the scudetto w that they need to realize that we are easily a top teaming Europe at this moment and they should be ready to make important investments and not for shit players like Messias or Alexis or Brahim or some random kid from France. Potentially world class players is now what’s needed at Milan. If they are ready to make that investments I have no problems.
Thanks the management they deserve credit.