Thursday July 12 2018
Milan board meeting today

The Milan board is expected to meet this afternoon to officially appoint new directors and oust Yonghong Li and the Chinese.

The club has been taken over by Elliott Management, after the owner failed to pay his debts to the hedge fund.

The American fund will now try to put the club on a more solid financial footing before selling it on, and today at 16.30 local time there is expected to be a board meeting.

According to ANSA, the new President will be Paolo Scaroni, the former CEO of Italian energy company Eni.

The Italian has close links to Elliott chief Paul Singer, and has been a Rossoneri director since Li’s takeover in April 2017.

Giorgio Furlani, an Elliott portfolio manager, may also join the board, while CEO Marco Fassone and sporting director Massimiliano Mirabelli are at risk.

It’s believed Umberto Gandini could return from Roma to take the CEO role, while a foreign sporting director could be appointed.

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