NEWS
Friday April 29 2016
Milan: Galliani faces civil war

Joint-CEO Adriano Galliani faces a civil war as Milan's minority shareholders ask for his resignation.

The Rossoneri head and his fellow joint-CEO Barbara Berlusconi held a meeting yesterday evening with the club's minority holders, who control about 0.07% of the shares.

According to both La Gazzetta dello Sport and Tuttosport, the meeting saw the Milan directors getting grilled by their associates, who questioned their line of management in angry terms and even asked for Galliani's resignation.

The shareholders refused to sign off the budget and for the first time proposed a new board of directors, composed of former players like Gianni Rivera, Clarence Seedorf, Paolo Maldini, Zvonimir Boban and Demetrio Albertini. Naturally their proposal was not accepted.

Galliani had to withdraw into a private meeting with Barbara Berlusconi, in which they produced a number of statements for the 41 associates who were there. These statements were later made public.

According to La Repubblica, the Diavolo are in dire financial waters, with a reported loss of €89.3m in 2015.

President Silvio Berlusconi is expected to sell Milan to a Chinese conglomerate, but the transaction won't happen at least until next week.