Milan are reportedly close to conceding defeat in their attempts to bring in Arsenal CEO Ivan Gazidis.
Gazidis had been linked with Milan throughout the summer, but Corriere dello Sport warns Arsenal have yet to place the Greek-South African in gardening leave.
Furthermore, while the Rossoneri are thought to have offered him a €4m salary, the executive would have also asked for ‘a series of expensive clauses’.
The newspaper concludes ‘the road is increasingly steep’ for the 53-year-old to leave the Gunners for San Siro and that the Diavolo are already ‘evaluating other applications’.
Milan have appointed ex-players Leonardo and Paolo Maldini to their board, but President Paolo Scaroni is only employed on an interim basis.
Calciomercato.com notes Elliott Management are looking for a CEO who ‘has experience, an international profile and someone who can strengthen their commercial sector, agree more deals with sponsors, increase the brand’s value and make the most of the club’s popularity.’