Sky journalist Peppe Di Stefano believes that Elliott Management are here to stay as AC Milan’s owners, and that might not be a bad thing.
The American hedge fund took control of Milan just over two years when Yonghong Li defaulted on the repayment of loans, and many assumed they would attempt to stabilise the club’s financial position before selling on to the highest bidder, as is their modus operandi as a firm.
However, several signs have emerged particularly in recent months suggesting that instead Elliott are committed to restoring Milan to their former glories. For example, there was the revelation from various media outlets that Elliott have inject €140m into the club since July alone in order to help keep the club in good financial health.
Peppe Di Stefano spoke to Sky Italia about Milan’s owners from across the pond, and he confirmed that the signs are good regarding their aims for the club.
“Elliott are investing a lot, they seemed to be passing through and now they no longer seem to be. They has taken on a new role with which the American fund aims to grow a lot from a financial point of view,” he said (via MilanNews).
“Obviously the coronavirus emergency has complicated plans, especially in terms of marketing and the stadium issue. Elliott have their own ideas: for example, when they buy a player, they use an algorithm to understand how his value will evolve as he passes. Elliott thinks Italian now – they arrived quietly, but now they are the protagonist and this is a very important thing for Milan.”
We wrote about Milan’s methods of player recruitment in an extensive feature, which you can read here.