According to Il Sole 24 Ore, the Luxembourg company Project RedBlack, of which he is the owner, through Rossoneri Sport Investment Luxembourg has earned about 5 to 7.5% on the capital gain obtained by Elliott for the sale of approximately 500 million to RedBird.
The complete negotiation is to be remembered that it is around 1.2 billion, but the Singer family has received those famous 500 million that have pleased Gazidis. In 2018 Elliott bought AC Milan for 300 million, thus creating a nice revenue to date.
Gazidis will receive more than 20 million euros from Project RedBlack between shares and cash, not directly from Milan. Another great blow by the South African manager, who is on the Rossoneri board of directors until November, with Giorgio Furlani ready to replace him, as relayed by MilanPress.it.