Elliott Management chief Paul Singer has assured fans that the hedge fund ‘recognises the prominent place Milan occupy in the football world’.
Singer’s firm took control of Milan after Li Yonghong failed to pay up, electing a new board of directors on Saturday and pledging to inject cash into the club.
“The election of a new Board marks another step forward in getting AC Milan back on track,” he told the club’s official website.
Elliott Management chief Paul Singer has assured fans that the hedge fund ‘recognises the prominent place Milan occupy in the football world’.
Singer’s firm took control of Milan after Li Yonghong failed to pay up, electing a new board of directors on Saturday and pledging to inject cash into the club.
“The election of a new Board marks another step forward in getting AC Milan back on track,” he told the club’s official website.
“Elliott is well positioned to deliver financial stability and proper oversight, the building blocks of on-field success and a world-class fan experience.
“We recognise the prominent place AC Milan occupies in the football world and are cognisant of the responsibility that comes with owning such a storied franchise.”
Image credit Elliott Management