AC Milan’s owners Elliott Management have a particular reason for standing by CEO Ivan Gazidis despite the poor commercial results thus far, a report claims.
It was reported by Tuttosport earlier in the month that Gazidis – a divisive figure among the Milan fanbase – is at risk of losing his job with Elliott unimpressed by his results so far in the commercial sector.
According to Monday’s edition of La Repubblica however – as cited by MilanNews – Gazidis is Elliott’s ‘strong man’ and remains in his place despite the disappointing commercial results.
There is a specific reason for this though: in the financial circles of London, it is known that the South African manager is in fact the owner of a package of shares of Milan.
In theory, this means he has an even more vested interest in transforming the club’s financial health, which is absolutely imperative given the recent insight into the club’s 2018-19 accounts.
The same paper also reported recently though that Gazidis will soon announce deals between Milan and a number of new sponsors that are ‘of international importance’.