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.