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AC Milan live: new president announced, Fassone out, Leonardo in

AC Milan live: new president announced, Fassone out, Leonardo in

Follow the live updates of the Marco Fassone situation, with Corriere dello Sport stating that the AC Milan managing director will be sacked today and Elliot Fund will are set to bring fresh faces in.

Calciomercato exclusively reported a few weeks ago that Fassone and Massimiliano Mirabelli are set to be sacked by the Elliot Fund and today is a decisive day in that regard.

Update

Today's meeting has officially eneded and Rossoneri Sports Investment has decided to appoint as members of the new Board of Directors the following: Paolo Scaroni, Marco Patuano, Franck Tuil, Giorgio Furlani, Alfredo Craca, Salvatore Cerchione, Gianluca D'Avanzo, Stefano Cucirio. The Board will be in office until 2020, approving the appointment of Paolo Scaroni as president.

The resoultion of the new board was approved unanimously. Scaroni will look to steady the ship as Milan had their UEFA ban lifted yesterday and will be looking to make some sort of moves in the transfer window.

PROFILE: Who is Paolo Scaroni

Read Scaroni's opening quotes here

Paul Singer's statement 

NEW AC MILAN BOARD

LEONARDO CLOSE IN ON AC MILAN RETURN
For more transfer news and updates, click here.