The sale of Milan to Red Bird makes Gazidis happy: the reason!

Not just field news for the Milan. In fact, there is an indiscretion that would concern the Rossoneri CEO Ivan Gazidiswho became CEO and general manager of the Rossoneri on 5 December 2018.

Getty Images, Ivan Gazidis

In fact, according to what he reports The sun 24 hours Ivan Gazidis will receive an incentive of 5-7.5% on the capital gain obtained from Elliott on the sale of the company a RedBirda figure that is around 500 million euros.

This will happen thanks to the contract signed with the Luxembourg company Project RedBlackwhich owns 99.93% of the Via Aldo Rossi club through Rossoneri Sport Investment Luxembourg.

In this Gazidis agreement, which expires in November, among other things, there is a bonus linked to the sale of Milan by Elliot, an operation defined on 31 August with the closing between the two US funds.

The CEO of the Rossoneri will receive, between shares and cash, one figure over 20 million of Euro.

It must be said, however, that this money will not come to the manager directly from the Milan club, but from Project RedBlack.

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About David Martin

David Martin is the lead editor for Spark Chronicles. David has been working as a freelance journalist.

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