Ivan Gazidis will see his pay increase by £1 million a year when he takes over as CEO at AC Milan, according to The Times (£).
As we reported yesterday, the 53-year-old has agreed to join the Italian giants having been pinpointed by new owners Elliott Management as the man to stabilise the club’s finances. Along the way, he’ll pick up around £3.6 million a year and will be offered equity in the San Siro outfit.
Interestingly, Gary Jacob’s article draws attention to Gazidis’ eagerness to hand Mikel Arteta the vacant head coach position in the summer and a coaching position under Wenger when he hung up his boots. He was apparently left frustrated by his board members and the Frenchman respectively. Is there anything to be read into why attention is being drawn attention to this now? We’ll let you decide.
Arsenal are yet to confirm Gazidis’ departure or whether he’ll be put on gardening leave. It may well be that Stan Kroenke is waiting to complete his full takeover of the club before freshening up the Gunners boardroom as a whole.
His son, Josh, is currently the frontrunner to take over Gazidis’ duties although whether the 38-year-old takes on a full-time position or combines it with his existing KSE responsibilities remains to be seen.