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Home Primo Piano

Why Elliott will manage this transfer window – Giorgio Furlani the reference man in board of directors

Wajih by Wajih
31 May 2022
in Primo Piano, News
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Giorgio Furlani

Giorgio Furlani, analyst at Elliott Advisors UK Ltd., speaks to media as he leaves following a Telecom Italia SpA extraordinary shareholders' meeting at their headquarters in Rossano, Italy, on Friday, May 4, 2018. Elliott Management Corp. narrowly defeated Vivendi SA to take control of Telecom Italia SpAs board after shareholders supported the U.S. activist investors call to improve corporate governance and push for asset sales. Photographer: Federico Bernini/Bloomberg via Getty Images

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La Repubblica Italian newspaper focused on the AC Milan project with RedBird in charge instead of Elliott as the ownership may soon be changed. We are approaching the opening of the transfer market window which makes this phase even more delicate than it already is.

The newspaper write that Elliott will remain with a below 30% share of the club and with Giorgio Furlani as a representative of reference in the club board.

What will the budget and market guidelines be? Finally, but in reality first of all, precisely what guarantees will Maldini get, starting with the renewal of his and Massara's contracts. The actual closing and total finalisation of the transfer of shares from Elliott to RedBird will take place in September. Therefore, the transfer campaign that is coming should be managed by Elliott. 

Elliott owner Paul Singer
(Photo by: Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images)
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Wajih

Wajih

A writer, passionate about football: Serie A and AC Milan in particular. For business inquiries, contact: wajihmzoughi1996 [at] gmail [dot] com

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