Elliott Management explain ownership of AC Milan | OneFootball

Elliott Management have announced the make-up of their ownership of AC Milan.

Press investigations over the ownership have raised questions this week.

Elliott stated in a media release: “Elliott Associates LP and Elliott International LP have joint complete control of the holding company that Milan is part of. Elliott owns 96 per cent of the club, while the remaining quota belongs to our partners.

“Elliott is fully committed to taking Milan back to the top of European football, relying on the principles of financial stability and correct supervision, which are now firmly in place.

“Elliott financed Milan's relaunch in recent years, with over €600m invested in the club. Elliott also committed to participating in a private investment of €1.2 billion for the construction of a new stadium at the vanguard for the city of Milan and an innovative multi-functional district, which together will contribute to the continual transformation of Milan, offering not only an iconic reference point for the city, but also a project of excellence for Italian football."