Despite rumours that CEO Giorgio Furlani could be leaving AC Milan, it seems that he is set for a new term.
When it emerged earlier in the week that RedBird Capital Partners were set to refinance the vendor loan – leading to the exit of Elliott Management representatives from the Board of Directors – there was speculation that Furlani would follow.
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Three more years
Alessandro F. Giudice wrote in Corriere dello Sport (via MilanNews) and commented on Gerry Cardinale’s quick pitstop in Italy on Wednesday.
He confirms that Cardinale’s presence in Milan does not herald any revolutions in the club’s governance, a possibility that has been the subject of speculation in recent days, nor is it linked to the refinancing of the vendor loan currently underway at the higher level.
Once the operation is concluded, Elliott and RedBird will go their separate ways. Presumably, the new financier (Manulife Comvest) will take the board seats currently occupied by Elliott directors Singer and Mitchell, as Oaktree did when it financed Steven Zhang’s loan.
However, it is out of the question that they would try to redesign the club’s governance. Milan are owned by RedBird, and no owner would accept being placed under special administration by a financier, even an important one.
In recent years, the decision to appoint Furlani and Cocirio as CEO and CFO respectively – both of whom were already on the AC Milan board of directors when Elliott was the owner – has fuelled some talk of their exit. However, the presence of the two (who left Elliott) was never tied to the vendor loan.
Today, Milan reaffirmed in a statement its ‘harmony’ and ‘context of stability, continuity, and unity, with full alignment between ownership and management’. Furlani’s term as CEO, which expired at the end of 2025, has been extended for another three years.
Good news.
The team is improving so lets continue.
Forza Furlani and Forza Milan ❤️🖤
Furlani is the brain the guy is genius so many people failed before him without cl our revenue still up there
So he succeeded us to 8th last year then? Change the team almost annually? That’s the genius? Smh 🙄
He was also around for a 2nd place finish and was on the board of governors for a scudetto. So far he’s proven to be a better businessman than Silvio
“so many people failed before him without cl “
Not sure why Furlani needs 3 more years at Milan after Elliott exits. Is he going to baby sit Calvelli?
Redbird haters pulling their hair out right now as we speak.
If he stays, just focus on the money making part. Stay the heck away from the sporting side and let the professionals do their job.
You’ve described the exact problem in the latter part… He feels he understands sport