NEWS
Thursday August 2 2018
Milan: Fassone demands €10m?

Marco Fassone is reportedly demanding €10m compensation from Milan after he was sacked as their CEO.

According to Il Sole 24 Ore, Fassone believes he is entitled to the payout, given his dual role as CEO and general manager, which amounted to a salary of €1.1m.

Furthermore, the ex-Inter and Juventus director is claiming severance pay was written into his Rossoneri contract.

However, the newspaper warns Elliott Management is only willing to pay the 54-year-old €2.5m, citing the agreement was drafted by Li Yonghong, therefore making it no longer valid.

Elliott recently took control of the Diavolo, ousting Li’s board after the Chinese businessman failed to honour repayments to the hedge fund.

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