Elliott: “Today’s victory an important first step in the reconstruction of Milan, which won’t be a short project”

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Elliot Management Corporation Founder and President, Paul Singer, speaking onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City. (Photo by Thos Robinson/Getty Images for New York Times)
Elliot Management Corporation Founder and President, Paul Singer, speaking onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City. (Photo by Thos Robinson/Getty Images for New York Times)

Elliott have stated that ‘there is a lot of hard work that we are ready to do’ in order to reconstruct Milan, after the CAS overturned UEFA’s ban today.

Milan will be playing in Europe next season and there is no doubt that the main contributor to CAS’ decision to overturn the ban of UEFA was the change in ownership as Yonghong Li is now gone, and Elliott Management are in control.

The American hedge fund sent representatives together with the Milan delegation to Lausanne, and tomorrow a shareholders meeting is scheduled, in which Elliott will put their men in the Board of Directors and perhaps also announce changes in the managerial structure of the club (Fassone and Mirabelli could leave / change roles).

After winning their first battle as the owners of Milan, a representative from Elliott, who are owned by Paul Singer (pictured), released this statement:

“Elliott is pleased to have been able to support Milan in front of the CAS and that our intervention has allowed the achievement of this positive result for the club. Playing in Europe is part of Milan’s heritage and being excluded from it would have been a real shame.

“We will now work hard to rebuild the club’s credibility with UEFA and to demonstrate that we can gain new successes on the field in full compliance with UEFA’s Financial Fair Play rules. Today’s legal victory is an important first step in the reconstruction of Milan: this reconstruction will not be a short-term project, and there is a lot of hard work that Elliott is ready to do.”

A new era begins for Milan, one without unknown owners. Elliott will do their best in order to bring the Rossoneri back to being a stable club, and they confirm again that they won’t be gone soon.

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cuongminhtran
cuongminhtran
3 years ago

The great AC Milan as we know it was dead and today maybe the first day to its rebirth.
Hope Mirabelli will be sacked ASAP, and hope new managing staff will be all right persons.
Thanks God.

Puang Machink
Puang Machink
3 years ago

moneylender…meh

Milan T&T
Milan T&T
3 years ago

Wow its been a while i haven’t been on the blog . I really hope we can turn another leaf , it’s been a rough couple years but we still alive . FORZAMILAN , commitment from the players will need to be of the highest so to from management . Let the real construction begin.

prince sadane
prince sadane
3 years ago

good news guys.. so now our beloved AC Milan can return to the top once more.. hey can someone add me to the milan chat group 18768568723

Mathijs Van Sloun
Mathijs Van Sloun
3 years ago

I wanna see deeds no words

Rado
Rado
3 years ago

Year ago i read similar words from different “owner”
These people has no clue about football so hope they will choose right people for management
Wish you all best my beloved Milan…..Please make us be proud soon again….we been waiting for long time