Elliott Management are not the only ones that will be making a decent chunk from the sale of AC Milan to RedBird Capital. In fact, Ivan Gazidis is also entitled to part of the sum as the CEO of the club.
The South African director left Arsenal back in 2018 to join the Rossoneri and in order to convince him, Elliott added a rather interesting clause in his contract. Thanks to the sale of Milan to RedBird, Gazidis is entitled to around €20m.
This was reported by Verità & Affari (via Calciomercato.com) this morning, stating that Gazidis is entitled to 5% of the capital gain of the sale. Elliott have invested €800m since taking over the club and the sale is worth €1.23bn.
That puts the value of the clause at €21.5m, which is a decent amount of cash. Gazidis’ contract will expire in November and he’s expected to leave the club, ready to slowdown his work rate now that he has been safeguarded for life financially.
Thats a lot of money
I’ve always disliked him. People talk like Puma increased deal has nothing to do with playing in the CL again and winning thr title. They don’t care, it was Gazidis. 😂😂😂
Maybe the same people think it was Gazidis who found Kalulu and wanted Ibra back in the first place…? 🙂
Take the money and run as fast as you can. Take care for your health.
Come on @AliReza
#GazidisOut
I am really interested to know: in what they invested €800M? They got ACM for about €300M, that Chinese guy could not pay to Elliot.