Elliott Management aim to control Milan for three years and not one, it’s reported, selling two per cent to Riccardo Silva.
According to Sky Sport Italia, the takeover after President Yonghong Li defaulted on his debts won’t be a short-term operation seeking a new buyer.
The idea would be to set up a three-year project to get the club back on track, raise its value and then sell at a large profit.
Elliott Management aim to control Milan for three years and not one, it’s reported, selling two per cent to Riccardo Silva.
According to Sky Sport Italia, the takeover after President Yonghong Li defaulted on his debts won’t be a short-term operation seeking a new buyer.
The idea would be to set up a three-year project to get the club back on track, raise its value and then sell at a large profit.
Current directors Marco Fassone and Massimiliano Mirabelli would continue to work with the club, but slowly be edged out by new chiefs, most likely Leonardo.
La Repubblica, meanwhile, point to Frank Tuil as Elliott’s main representative on the Board of Directors, which will be formed on July 21.
Ivan Gazidis would be tough to get hold of due to his current salary at Arsenal.
Although a sale of the club isn’t planned for a while, Sky do point to handing two per cent over to Riccardo Silva, co-owner of Miami FC and with strong links to the development of the sport in America.
He also has very close ties to Rossoneri legend Paolo Maldini.
It was said today on SportMediaset that Antonio Conte was being considered as a replacement for Gennaro Gattuso, but most other Italian sources see nothing behind the rumour.