Milan have named the new Board of Directors after the takeover from RedBird, as Paolo Scaroni remains President with Gordon Singer and Ivan Gazidis also still present.
Elliott Management sold the club, but still have a stake and indeed loaned some of the funds to RedBird to complete the takeover earlier this month.
The new Board of Directors was named this afternoon, just hours ahead of the Champions League match against Dinamo Zagreb.
The board includes Paolo Scaroni, Ivan Gazidis, Gerry Cardinale, Alec Schneier, Niraj Shah, Isaac Halyard, Gordon Singer, Giorgio Furlani and Stefano Cocirio.
Scaroni has been confirmed as President and Gazidis as CEO.
“Today marks a new phase in the Club’s development process, in the name of continuity and quality,” Scaroni told the club website.
“The new Board of Directors includes Elliott representatives, who were already sitting on the Board, guaranteeing the continuation of the added value seen in the past few years, as well as a balanced approach during this transitional phase. Joining them are new members, representatives of RedBird, the majority shareholder, who will add their competence, experience and managerial know-how in the sports and entertainment business from a global perspective.”
Those cut from the board are Alfredo Craca, Massimo Ferrari and Marco Patuano.
“I am grateful for the confidence that the new Shareholders have placed in me,” added Scaroni.
“It is a big responsibility and a privilege to have the opportunity to lead the Club’s Board of Directors at a time when we are all called upon to give renewed impetus to the project in the hope of creating a sustainable and winning AC Milan.”