The Shareholders’ Meeting of the AC Milan Small Shareholders Association was held today (“APA”), during which the current situation of the Rossoneri Club and its prospects were discussed, also in light of the corporate restructuring.
The Association believes that Elliott Advisors Uk Limited and the management have done well by looking at both today’s AC Milan and tomorrow’s, allowing them to take the path of transparency and sustainability which is an essential prerequisite for organic and lasting growth.
The corporate reorganization, which will see the entry into the shareholding structure of RedBird Capital, was welcomed from APA Milan which will immediately guarantee the spirit of collaboration and construction that has always distinguished the association; in this sense APA Milan will take action in order to provide RedBird with all useful and necessary interlocutions. The new corporate partnership, combined with sporting successes, the precious talent scouting activity, as well as an optimal commercial management, could represent an important development driver for Milan.
During the Assembly, the question of nnew club stadium; APA Milan believes that the latter is essential for AC Milan’s future and to ensure that he can return and remain firmly at the top of world football. A path aimed at the construction of a new AC Milan stadium, home only to the Rossoneri fans, would warm the hearts of all AC Milan fans.
Finally, APA Milan believes that it has guaranteed the Club and Elliott a valid constructive and collaborative contribution that has been able to demonstrate the validity and importance of the association’s social purpose; the new shareholder structure involving RedBird Capital will certainly be able to treasure this experience with the hope that other APA members will be able to enter the shareholding structure.
Auro Palomba, President of APA said: “AC Milan have shown Italy that you can win by playing a good game on the pitch and being sustainable at the club level.. From the beginning Elliott and the managing director Ivan Gazidis have set up a new concept of Milan that has always received our support. As small shareholders, we greatly appreciated Elliott’s thanks to the Milanese people; it was a revolutionary awareness in the world of football of the importance of fans as the actual owners of clubs. Now, with the new corporate reorganization, we will have to continue the path aimed at ethics and sustainability which hopefully will help Milan in the return to the top of world football “.
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