FT Scoreboard

The strategic moves that transformed AC Milan’s fortunes

When hard-nosed US hedge fund Elliott Management suddenly found itself in control of an ailing AC Milan, it became the owner of a fallen star of European football. But as the FT’s James Fontanella-Khan explains, changes made at management level and in player recruitment strategy have transformed the fortunes of the club, both on and off the pitch.


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FT Scoreboard is the Financial Times’s vertical on the business of sport. It offers analysis of the key financial issues affecting clubs, competitions, owners, investors and media groups across the global sports industry.