AC Milan, one of the most storied football clubs in the world, has captured the hearts of millions of fans with its rich history, legendary players, and illustrious victories. However, beyond the glitz and glamour of the pitch lies a complex web of ownership that shapes the club's direction and future. In this article, we delve into the ownership structure of AC Milan to understand who holds the reins of this iconic institution.
How is AC Milan's Ownership Structure? - A Historical Background
The recent history of AC Milan's ownership is marked by a series of transitions and changes in leadership. In April 2017, the club was purchased by Rossoneri Sport Investment Lux, a consortium led by Chinese businessman Li Yonghong.
This acquisition marked the end of Silvio Berlusconi's three-decade-long tenure as the club's owner. Berlusconi, the former Italian Prime Minister, had overseen AC Milan's rise to prominence, guiding the club to numerous domestic and international titles.
Under Li Yonghong's ownership, AC Milan embarked on ambitious plans to rejuvenate the squad and reclaim its status as a European powerhouse. Significant investments were made in player transfers, with high-profile signings aimed at bolstering the team's competitiveness. However, financial troubles soon emerged, casting doubts over the stability of the club's ownership.
In July 2018, following a default on loan repayments, Li Yonghong's control over AC Milan came to an abrupt end. Elliott Management Corporation, a US-based hedge fund, assumed control of the club after exercising its right to seize collateral. This marked a significant shift in ownership, with Elliott Management taking on the role of custodian while seeking a suitable buyer for AC Milan.
How the ownership handled UEFA Restrictions
Despite the change in ownership, AC Milan continued to navigate turbulent waters both on and off the pitch. The club faced challenges in complying with Financial Fair Play regulations, leading to sanctions and restrictions on player registrations for UEFA competitions. However, under the guidance of Elliott Management, AC Milan embarked on a path of financial restructuring and strategic planning aimed at ensuring long-term sustainability.
In April 2021, another pivotal moment unfolded in AC Milan's ownership saga. Rossoneri Sport Investment Lux, now under the control of US-based investment firm Sixth Street, completed the acquisition of the club from Elliott Management. This transaction signalled a new chapter for AC Milan, with Sixth Street assuming ownership responsibilities and outlining its vision for the club's future.
Who Owns AC Milan Currently?
Today, AC Milan operates under the ownership of Sixth Street, with the investment firm holding the majority stake in the club. Led by Chairman Paolo Scaroni and CEO Ivan Gazidis, AC Milan continues to pursue its objectives of on-field success, financial stability, and community engagement.
The club's ownership structure reflects a mixture of international investment and local passion, underscoring AC Milan's status as a global football institution.
Looking ahead, AC Milan faces a myriad of challenges and opportunities in an ever-evolving football landscape.
As the club strives to reclaim its position among Europe's elite, the ownership will play a crucial role in shaping its trajectory. Whether it's navigating financial constraints, securing key player acquisitions, or fostering a strong sense of identity, the owners of AC Milan hold the key to unlocking the club's potential and shaping its legacy for generations to come.
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