Who Owns AC Milan?
In 2018, American hedge fund Elliot Management Corporation (EMC) took control of the Italian football club AC Milan. The takeover ended the 31-year tenure of former owner Silvio Berlusconi and was widely seen as a step forwards for the ailing club.
Under EMC’s ownership, Milan has undergone a significant overhaul on and off the pitch. New investment has been injected into the club, leading to the signing of several high-profile players. Meanwhile, a new management team has been brought in, with former player Paolo Maldini taking on the role of technical director. With EMC at the helm, Milan is once again challenging for honors and looks set to regain its place among Europe’s elite clubs.
According to Forbes, as of the 2023 season, AC Milan is worth $1.2 Billion dollars. This makes them the world’s 14th most valuable football (soccer) franchise.
San Siro Stadium
San Siro stadium, officially known as Stadio Giuseppe Meazza, is a football stadium in Milan, Italy, the home of AC Milan and Internazionale. The stadium was originally built in 1925 and had a current capacity of 80,018.
It is one of the largest stadiums in Europe and has hosted numerous prestigious events, including the 1990 FIFA World Cup and the UEFA Champions League Final in 2001. The San Siro is renowned for its atmosphere and is often referred to as the “cathedral of football.” It is a genuinely iconic stadium and a must-visit for any football fan.
About The AC Milan Franchise
AC Milan was established in 1899 by two English expats, Alfred Edwards and Herbert Kilpin. The club was initially known as Milan Cricket & Football Club and began playing soccer games on a field near central train station. In 1901, the team adopted its current name—Associazione Calcio Milan—and began competing for Italian championships.
In 1906, AC Milan became one of the founding members of Serie A, Italy’s top professional soccer league. The team won their first title that same year, beating Genoa 3-0 in the final match to win their first-ever scudetto (Italian championship). This marked the beginning of an unprecedented period of success for AC Milan; over the next 20 years, they would go on to win six more championships, four Coppa Italia titles, and two Intercontinental Cups.
The Glory Years
The 1980s and 1990s were, without a doubt, AC Milan’s most successful era. Over that two-decade span, they captured seven Scudetto titles and five Coppa Italia trophies while also establishing themselves as one of Europe’s best teams.
Led by legendary players like Franco Baresi, Marco van Basten, Ruud Gullit, Roberto Donadoni, and others, AC Milan dominated European competitions during this time.
Winning three UEFA Champions League titles (1989–90 season; 1993–94 season; 2002–03 season) as well as four Cup Winners’ Cups (1968–69 season; 1988–89 season; 1989–90 season; 1992–93 season).
What Makes The Club So Iconic?
What makes AC Milan such an iconic franchise? Part of it has to do with the club’s style of play. Over the years, Milan has been known for its attacking brand of football, which has led to some of the most exciting matches in history.
But Milan’s success goes beyond on-field achievements. The club has a rich history and tradition that has been passed down from generation to generation. For millions of fans around the world, AC Milan is more than just a football club – it’s a way of life.