Elliott Management have invested a huge sum of money into AC Milan so far, a report claims, and the fund has a plan to help the Rossoneri recover.
As La Gazzetta dello Sport (via MilanLive) reports on Wednesday, sustainability and self-financing are the key words for the rebirth of Milan.
It was Gordon Singer who chose Ivan Gazidis for the administration of the club having seen the Arsenal model, of which he is a fan, and so he decided to propose recreating it with the South African as the main architect. The logic pursued by Gordon is in line with that of the fund he represents: yes to financial strength, yes to prospective players and yes to their development.
The fund – who are worth $40billion – have not yet found the right way for the Rossoneri. Singer and Gazidis, in fact, do not seem to have completely familiarised themselves with the club’s environment yet, but now the turning point is urgent.
Investments have certainly not been lacking so far. The first €180million had been loaned initially to Yonghong Li, then another €128m were paid for two bonds, then the capital injections of €32.4m (June 2018), then €265.5m in 2018-19 and finally €60m between July and September 2019. The total investment in Milan has therefore been €525million.