AC Milan’s owners Elliott Management have no plans to sell the club at present and instead want to revive its fortunes, a report claims.
According to La Gazzetta dello Sport (via MilanNews), Gordon Singer – son of the owner of Elliott Paul Singer – has clear ideas about what he wants to do with Milan. His intent is to create a model club, one that is competitive but sustainable.
In short, Elliott has no intention of selling: the US hedge fund is indeed a ferryman (i.e. they are not looking to hold on to the club long-term), but they want to leave Milan in good hands. And he wants to do it after a revival too, which could perhaps be Champions League football in 2021-22 at the latest.
Elliott will sell Milan, that’s for sure, but the Milan brand must find some of its former glory in order to be profitable. The return to Europe, of course, is fundamental. CEO Ivan Gazidis and Gordon Singer now have the task of developing a winning strategy.