AC Milan issue ultimatum to Arsenal’s Gazidis

Elliot continues their corporate restructuring of AC Milan, having already replaced the board members and appointed Scaroni as interim CEO. The American hedge fund in working on bringing in Arsenal’s Ivan Gazidis, who would take the role as CEO. Milan have offered the 53-year-old a huge pay rise: a total of £1m more than his current salary, according to The Telegraph. According to the report, Eliiot have issued an ultimatum to Gazidis, who has to make up his mind by early September.

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