Milan are ready to herald in the RedBird era as the first board meeting under new owner Gerry Cardinale will take place later today, reports suggest.
The Rossoneri have managed to navigate the choppy waters of possible legal action after Blue Sky Financial Partners, run by Gianluca D’Avanzo and Salvatore Cerchione, tried to block Elliot’s sale of the club to RedBird. The move has been dropped, allowing RedBird to complete their takeover.
As reported by Il Sole 24 Ore, Milan are ready for a board of directors meeting today under new owner Cardinale, where the appointees of the Elliott Management era are set to be confirmed. Paolo Scaroni will remain the club’s president and he’ll be joined in the meeting by Gordon Singer and Giorgio Furlani, who will be the new club CEO after Ivan Gazidis.
The South African director will remain CEO until his contract expires with the club in November, when Furlani will take over. Elliott Management will continue to hold a seat at the table for the foreseeable future.