Gazidis: Milan saved from bankruptcy

Ivan Gazidis has assured fans his board saved Milan from “going bankrupt” and that Stefano Pioli can “enhance our young players.”

Gazidis has come under fire in his role of Milan CEO for replacing Marco Giampaolo with Pioli, a Coach who has not won any major silverware in 16 years.

“I want to thank Giampaolo and his staff, it wasn’t a simple decision,” he said at a Press conference.

“It’s a decision we all made together, but we had to put Milan first. We understand our fans, I understand their frustration, we’re in trouble, but we’re working to fix things.

“We inherited a club that risked going bankrupt and could’ve dropped into Serie B like Parma and Fiorentina.

“We found debts that took us out of cup competitions. We’ve had to face difficulties, that’s undeniable.

“The road is a difficult one, but we have to be patient. We’ll still make mistakes, but we’re determined.

“We want to bring Milan up again, both in Italy and Europe. We’ll continue on our journey, we’re ambitious, as seen by our desire to build a new stadium, with an investment of 1.2bn, which can give us new revenue streams and will lead to the arrival of new players.

“The guys close to me, Zvon [Boban], Paolo [Maldini] and Ricky [Massara], know what it’s like to fight to always aim high.

“We make all our decisions together. We’re one of the clubs who have invested the most in Europe, our team has been improved and our fans will soon see the new signings and understand why we bought them.

“There’s still time for us to get back on track. We’ll always fight for big objectives. Pioli’s an experienced Coach who can enhance our young players.

“We look forward and at the journey we have to make together with optimism. I’ve not said much so far, but things will improve.

“I want to convince the fans that we really want to bring Milan back up.”

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