GdS: Elliott refuse to abandon project despite €100m loss – when they will sell Milan

By Isak Möller -

Elliott’s plan is struggling to take off but they have no intention of giving up. On the contrary, the American ownership is ready to revive the club with the arrival of Ralf Rangnick, who will be the sporting director and manager. 

Down the line, when Milan have regained a certain economic independence and greater appeal, then Elliott will think about selling. According to Gazzetta Dello Sport (via MilanNews.it), the club is destined to change hands but not just yet.

The Rossoneri’s future will also depend on the new stadium, but the fundamental goal remains to qualify for the Champions League. The money generated from the prestigious competition would help Milan but Elliott will have to wait one more year.

At the end of the month, the 2019-20 balance sheet will be closed: it seems a loss of €100m will be registered – much better than the terrible -€146m of the last year – a figure which is partly down to the Coronavirus

However, the project remains. Thanks to Elliott’s economic solidity, Milan have no debt on the bond markets. The guidelines for the market is clear: talents will be brought in to build a good framework and generate potential capital gains.

READ MORE: Braida could reunite with Milan as Rangnick also wants Italian directors

Tags AC Milan elliott Gordon Singer