Paul Singer, billionaire and chief executive officer of Elliott Management Corp., pauses during a session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 21, 2015. World leaders, influential executives, bankers and policy makers attend the 45th annual meeting of the World Economic Forum in Davos from Jan. 21-24. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

GdS: Elliott have one clear goal they must reach before selling AC Milan

Despite the rumours in recent months, Elliott Management have no intention of selling AC Milan. The American hedge fund has already invested many millions into the club, working to bring it back to the top of football. 

According to today’s edition of Gazzetta Dello Sport (via MilanNews.it), the owners have one clear goal they must reach before selling the club: build a sustainable project that will gain results both on and off the pitch.

That way, they will get the club closer to their initial valuation of €1bn+. Taking a look at the club’s situation right now, no buyer would pay that amount. Therefore, the Singer family is far from done with their adventure in the football world.

Ralf Rangnick is expected to replace Stefano Pioli this summer, as Milan have already started preparing for the transfer window with him, per Tuttosport. The youth revolution could thus take place and it might just be what the Rossoneri need.

READ MORE: Rangnick’s first signing at Milan could come from PSG – the details

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