MF: Elliott set to increase investment in Milan to €680m with Gordon Singer to join board

By Oliver Fisher -

AC Milan’s ownership Elliott Management continue to show signs that they are in it for the long haul, according to a report.

According to this morning’s edition of Milano Finanza (via MilanLive), the American Fund will very shortly increase their economic commitment to Milan from €650m euros of investment to €680m. This is not an insignificant sum, and shows how committed Elliott are to stabilising the club off the field after the rather reckless Chinese ownership.

The source goes on to report that Gordon Singer – son of Paul Singer – is about to join the board of directors of Milan. The decision is not official at the moment, but it could materialise within a few months, probably for the start of the next sporting season. It is yet another move that shows how Milan have become a long-term investment for the financial fund and certainly seems to dismiss any rumours of a possible sale.

Tags AC Milan

6 Comments

  1. Joe101 says:

    basically the kid had a bit of a soft spot and decided to invest his lunch money into AC Milan
    Great! we should be bowing and kissing his feet I reckon

    this is just bs, might as well have Singer junior use his daddy’s cash on a new house

  2. Anthony Rosati says:

    Can someone explain exactly what this means? Sounds like they are just putting another €30M into the club from their own investments but what does that really mean for the club as far as new stadium, players, player development, etc?

    1. Oliver Fisher says:

      It means they have pumped another €30m of capital into the club accounts to help with things like expenses, revenue lost due to Covid and also it helps pay for certain infrastructure investments like buying Casa Milan. In terms of what it means regarding the transfer market, the answer is probably very little, it is more of an investment aimed at improving the overall financial health of the club.

  3. Marius says:

    Hey milanisti, this is great news. The presence of an singer into the board will guarantee that milan continue to invest in youngsters and give them full trust. Let’s face it, neither Maldini nor Pioli believe in this project.. if you give them full power, soon no youngster will play in the first 11. I really like gazidis vision. He is the only one who believes in young players.. now we have anoyher one in the person of gordon singer. Wellcome

  4. Sam says:

    I am the only AC MILAN fan here who stI’ll thinks that we are a truly great football club?

    Sadly it appears so and this hedge fund also appears to have had its way of downgraded AC MILAN.

    AC MILAN like seria is dying a very slow death and needs huge investment asap on and off the pitch and before anyone pipes in with FFP don’t FFP like the elliott programme doesn’t work and won’t stop Man city Psg Real Madrid Barcelona Athletico madrid Chelsea spending well above there means with AC MILAN and italian football falling further behind.

  5. CLEVERBLACK says:

    Congrat to us milanistic,to me is a big dream dat later come through,has we have a singer in our midst bring back our milan back to life,everything now need from little little Bcoz we can’t fast compare our self,to real Madrid n Barcelona n Chelsea doin D time of spending In transfer market,I like has we are using experience n tactic n quality to sign new player, in dis position i credit our sporting director Paolo maldini n messara,thank u all for bringing our milan back to life dat his what we lack since all dis while,credit to our coach to for bringing d best out of them all.up milan.

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