ROME, July 21 -- AC Milan has elected a new board of directors, signaling "the dawn of a new era", the club announced Saturday.
The new board is comprised of Paolo Scaroni as interim CEO, Marco Patuano, Franck Tuil, Giorgio Furlani, Stefano Cocirio, Salvatore Cerchione, Alfredo Craca and Gianluca D'Avanzo.
"Following last week's change in ownership, with Elliott (Advisors UK Limited) assuming control of the club, AC Milan elected a new board at a shareholder meeting today in Milan, signalling the dawn of a new era at the club," the team said in a statement.
"An announcement on the appointment of a new CEO, who has been identified, will be made in due course."
Elliott, a multi-billion-dollar investment management fund, announced on July 10 that it had taken control of AC Milan "to enforce Elliott's security interests after the previous owner of AC Milan defaulted on its debt obligations to Elliott."
"As first measures, Elliott intends to inject 50 million euros (59 million U.S. dollars) of equity capital to stabilize the club's finances, and plans to inject further capital over time to continue to fund AC Milan's transformation," the fund said in a statement.
The takeover and capital injection prompted the Court of Arbitration for Sport (CAS) on Friday to overturn a June decision by the European football association (UEFA) to ban Milan from the next Europa League championship after the club "failed to fulfill the (financial) break-even requirement".
The CAS said in a statement that UEFA's measure was "not proportionate" because Milan is now in better financial shape "following the recent change in the club's ownership."
Chinese investor Li Yonghong purchased the Serie A club in April 2017 from media mogul and ex-prime minister Silvio Berlusconi's Fininvest holding company for a total of 740 million euros.
That fee included a loan of at least 303 million euros from Elliott which Li has defaulted on, ESPN sports channel reported earlier this month.
"We're back in Europa League, we're on to a new start with Elliott," AC Milan tweeted earlier Saturday.?
【体坛英语资讯:AC Milan elects new board of directors】相关文章:
★ 体坛英语资讯:Kobe, Gasol spark Lakers past Magic
★ 娱乐英语资讯:Tom Cruise and wife set to move to New York
★ 娱乐英语资讯:Maggie Q, Chow Yun-Fat vying for box office
★ 娱乐英语资讯:Celebrity link! Obama related to Clinton?
★ 体坛英语资讯:McGrady, Yao lead Rockets to win
★ 体坛英语资讯:Yi starts new life in Milwaukee
★ 体坛英语资讯:Government cooperation needed in doping fight
★ 体坛英语资讯:China names Frances Elisabeth as coach
★ 体坛英语资讯:Yao-Yi matchup could set ratings records
★ 娱乐英语资讯:Witherspoon-Phillippe divorce is final
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15