James Pallotta says he’s talked with Gordon Singer and the two should be working together for the good of Serie A.
One year ago, Roma owner Pallotta voices serious concerns about the situation of Milan, saying ‘they are losing their minds’, after a huge summer spending spree which followed a change in ownership.
The concerns of Pallotta turned out to be true, as Yonghong Li has defaulted on his loan to Elliott and lost the club just 15 months later. Now, the American hedge fund is in charge of things, and Pallotta once again spoke about Milan, and he spoke with a very different tone.
“I got a lot of stick for what I said about Milan, but what I said has come to pass? I thought that was the most obvious thing, coming from a finance background of 35 years, I just thought that was the most obvious thing,” Pallotta said in an interview with SiriusXM FC (you can hear it here).
“I do think that Gordon Singer [the son of Elliott owner and founder Paul Singer], and what he is trying to do, for the next years, has the potential to get Milan back for sure. He is making a lot of changes, I had a number of conversations with him already on league stuff, and a few other things and stuff, and we’re definitely going to try to work together closely, for the benefit of the league.
“Look, it took me 6 years of mistakes, many times in stuff like who to trust, what to trust, how to do things and stuff like that, and Milan should be working with us and a few other teams to try to get the league in a better place. Ronaldo coming over certainly helps the league, and the impression of it.
“And I just thought that the league was getting better anyways in terms of the play, I find it a very difficult league; I look at Spain sometimes and there’s a handful of teams and they seem to sometimes beat up some of the other teams in the league, and we can go to Atalanta or Cagliari or others like that and you’re sweating out hoping to get the win, and sometimes you’re coming out of there ‘oh God, it’s great, we got a tie’, I mean they are not easy.
“And then I try there are just a number of really good, solid teams, from Napoli and Juventus to Inter and what Milan will be, and Atalanta and Fiorentina look like they’ve gotten better, and Sampdoria, they are not easy to play. It’s a good, tough league. And if I get help from Gordon at all, and what they’re trying to at Milan, at least with league-stuff, we’re going to try and work together.”
Elliott have been building a new management, while also taking names from the past: Paolo Scaroni is the new President while Umberto Gandini is also likely to return to the club, after Leonardo.
I also thought that investing so much so suddenly was a recipe for destruction as if it failed the backlash would be catastrophic, certain areas should have been improved and then the season after that other areas shouldve been improved, gradual improvements was the way to go. The point is moot though, since the trouble came mostly from the ownership and not from investing in players.
Exactly! Totally agree on that and this is why I’ve always stated that Fassone and Mirabelli are idiots. They signed too many players that were also risky like Kalinic and Andre Silva. Those two never scored more goals than Bacca per season. Even Calhanoglu was a risk because he didn’t play football for about 6months. We will finally see the best of him though this season now that he is back to playing competitively. I’m also still surprised we didn’t force Deulofeu away from Barcelona since he declared he wanted to stay. And I can’t believe Monaco got Keita Balde… Read more »
Yes, cant disagree with you on that. Even Bonucci, which seemed like a great signing at the time, was not really needed, it took away the budget from buying a winger, though i suppose in all of this Montella was also the problem who had his eye on the 3 at the back formation.
LOOOOL.
To correct the facts, Balde didn’t want Milan. We already agreed a fee with Lazio. But he said NO loud and clear.
As for Deulofeu, we assumed we were getting better wingers and didn’t bother with him or Pasalic. It made sense at the time.
Stuff
LOL its all easy to say this. The CONTRACT Li had for the purchase of Milan was to invest about 200m a year over three years in transfers. It was supposed to be Silvio’s parting gift to the club kind off I guess. Sadly, it didn’t work out. If we had performed and his the UCL target and challenged Juve we would all be singing praises. City, PSG, Chelsea all blew hundreds of millions in first years of rich ownerships and look where they are. The real issue was Montella! Small mindset and no ambition. Oh well… failure is an… Read more »