La Gazetta dello Sport claims that AC Milan owners Elliott Management are now confident of persuading Ivan Gazidis to become CEO at the San Siro having caved to his pay packet demands.
Earlier in the week, the Rossoneri looked set to call time on their efforts having grown frustrated at the direction of negotiations.
The American hedge fund believes Gazidis is the man to get Milan’s finances back on track after a rocky few years that has seen the club fall in to their hands following a messy takeover of Silvio Berlusconi’s shares by Chinese businessman Li Yonghong.
In June, UEFA banned Milan from European competition for infringing their Financial Fair Play regulations.
The Court of Arbitration for Sport overturned the decision in July, in part because Elliott argued their that takeover which included an injection of €50 million had changed the club’s circumstances. Milan have subsequently been drawn against Olympiakos, Real Betis and Dudelange in the group stages of this season’s Europa League.
Arsenal haven’t commented on the Gazidis situation since releasing a statement back in July. Stan Kroenke is apparently hopeful the 53-year-old will stay and it’s public knowledge that he has a 12-month notice period, although there’s no suggestion the Gunners would hold him to it.