Ac milan new owner

A topic of great interest for many AC Milan fans!

As of March 2022, the new owner of AC Milan is Elliott Management Corporation, an American private investment firm. Elliott acquired a 99.3% stake in the club from the previous owner, Li Yonghong, who had purchased the club in 2016.

Here's a brief summary of the key events leading up to the change in ownership:

  1. Li Yonghong's acquisition (2016): Li Yonghong, a Chinese businessman, acquired AC Milan from Silvio Berlusconi's Fininvest group for €474 million.
  2. Financial struggles (2017-2020): Under Li's ownership, AC Milan faced significant financial struggles, including a €220 million debt and a decline in the team's performance on the pitch.
  3. Elliott's interest (2020): Elliott Management Corporation, a private investment firm with a significant presence in the sports industry, began exploring the possibility of acquiring AC Milan.
  4. Takeover bid (2021): Elliott launched a takeover bid for AC Milan, offering €1.2 billion to acquire the club. The bid was accepted by the club's board of directors, and the deal was finalized in March 2022.

Under Elliott's ownership, AC Milan has undergone significant changes, including:

  1. New management: Elliott appointed Piero Alfonso Gasparini as the club's new CEO, replacing Ivan Gazidis.
  2. Financial restructuring: Elliott has worked to restructure the club's debt and improve its financial stability.
  3. Investment in the team: Elliott has committed to investing in the team, with a focus on building a competitive squad and improving the club's performance on the pitch.

The new ownership has also brought about a renewed sense of optimism among AC Milan fans, who are hoping for a return to the club's former glory days.