Elliott Management Corporation have done a lot of good work for the AC Milan football club after taking over from the Chinese. The American hedge fund have just recently signed on the agreement with RedBird that would transfer around 70% of the shares to Gerry Cardinale's investment firm.
According to Corriere dello Sport, For weeks, investors and Napoli fans with activities on Wall Street have been cultivating an idea that is more of a dream: to convince Paul Singer, who has just sold the majority stakes in AC Milan to Cardinale, to quit completely from the Rossoneri club and try a new challenge: acquiring Napoli.
These said attempts could end in failure because Aurelio De Laurenttis would only sell the club if he receives a 'crazy' porposal. A big reason behind the complicated arrival of investors anyway is the lack of quality infrastructure in Italian football.
The Serie A league, though, is trying to work on improving the image of Italian football as they opened an office in Manhattan in order to work closely with companies and investors in attempts to multiply revenues from TV rights in the USA and increase the brand image.
