Marco Fassone has been relieved of his duties as AC Milan's general manager after the Serie A club elected Paolo Scaroni as their new executive chairman.
A board meeting at the weekend brought the changes, in the wake of the departure of former president Li Yonghong after his failure to meet a loan repayment deadline saw the Elliott Management group take full charge of the Rossoneri.
Fassone assumed his role in April 2017, following Yonghong's takeover of the club and oversaw the investment of over €200 million in 11 new players last summer.
They were unable to help Milan realise their objective of qualifying for the Champions League, however, with a sixth-place finish earning them only a berth in the group stage of the Europa League.
Milan were reinstated into the Europa League on Thursday after succeeding with an appeal to the Court of Arbitration for Sport against a decision by UEFA to exclude them for breaching financial fair play provisions.
Elliott's assumption of control just a few days earlier was regarded as the key to the CAS overturning UEFA's sanctions.
A board meeting at the weekend brought the changes, in the wake of the departure of former president Li Yonghong after his failure to meet a loan repayment deadline saw the Elliott Management group take full charge of the Rossoneri.
Fassone assumed his role in April 2017, following Yonghong's takeover of the club and oversaw the investment of over €200 million in 11 new players last summer.
They were unable to help Milan realise their objective of qualifying for the Champions League, however, with a sixth-place finish earning them only a berth in the group stage of the Europa League.
Milan were reinstated into the Europa League on Thursday after succeeding with an appeal to the Court of Arbitration for Sport against a decision by UEFA to exclude them for breaching financial fair play provisions.
Elliott's assumption of control just a few days earlier was regarded as the key to the CAS overturning UEFA's sanctions.
Italian giant AC Milan axe general manager Marco Fassone after board reshuffle
Reviewed by Erins Davies
on
July 23, 2018
Rating:
No comments: