Milan (Soccer Team)

Subterms

    Latest story

    113 Shares189 Views

    Inter Milan, Finding a Way, Reaches Champions League Final

    by

    Lautaro Martínez scored late in the second half to give Inter a date with Real Madrid or Manchester City in next month’s final in Istanbul.Simone Inzaghi has spent most of his season on the brink. His Inter Milan team had been sufficiently erratic that the club appeared of the mind to end Inzaghi’s tenure as manager if he failed to make it past the last 16 of the Champions League. He survived that. Most assumed it was simply delaying the inevitable. The ax would fall if — maybe when — Inter fell in the quarterfinals.A month or so later, the shadow that has trailed Inzaghi for so long has disappeared, and there is nothing left but light. Over the course of two legs — both held at San Siro — his Inter team swept past its neighbor, rival and housemate, A.C. Milan, to reach its first Champions League final for 13 years. Its berth in the final — sealed with a 1-0 victory on Tuesday, and a 3-0 triumph on aggregate — marks not only the finest achievement of his career, but one of the most improbable adventures the competition has seen.LuLau with the dagger. 🥶 pic.twitter.com/fsynbEohaK— CBS Sports Golazo ⚽️ (@CBSSportsGolazo) May 16, 2023
    Inter will, of course, be seen as little more than cannon fodder for either Manchester City or Real Madrid, two very modern powerhouses, in the final. But even that underdog status does not quite capture the sheer improbability of the club’s presence in the biggest annual game in world soccer.For years, Inter has been facing mounting financial problems. Its debts reach into the hundreds of millions of dollars. Its owner, the Chinese businessman Steven Zhang, has been seeking to sell the club for several seasons, even before the coronavirus pandemic ravaged Inter’s accounts.Quite how desperate the situation has become was neatly illustrated by the club’s blank jerseys for both semifinals against Milan. Inter does not currently have a primary sponsor; the cryptocurrency firm that had occupied that prestigious advertising real estate having failed to make its payments earlier this year.Inter’s Edin Dzeko, who scored a vital goal in the first leg. Isabella Bonotto/Agence France-Presse — Getty ImagesThe straitened finances are manifested in the club’s squad, which lacks the star power of most Champions League finalists. Other than its captain, Lautaro Martínez, and the midfielder Nicolò Barella, Inter does not possess a slew of assets the rest of Europe’s giants would covet. Inzaghi, instead, has had to work with a selection of veterans, castoffs, hopefuls and journeymen.And yet, against Milan, it produced a performance of remarkable poise and control. Edin Dzeko and Henrikh Mkhitaryan had effectively settled the tie last week, scoring two goals inside the first 11 minutes inside the same stadium, and Milan rarely threatened to mount a comeback in the return. Inter may lack glamour and flash, but few teams in Europe have quite so much grit and grizzle.Martínez’s goal, late on, sparked wild celebrations among Inter’s fans, but in truth they might have started booking their flights to Istanbul long before it went in. None of them would have expected this to be how their season ended: a team seen as a makeweight, at least in Europe, thrust onto the greatest stage of all. Inzaghi, though, has taken them to the brink. More

    More stories

    • 150 Shares99 Views

      in Soccer

      The New A.C. Milan Picks Up Where the Old One Left Off

      by

      Is there muscle memory to Champions League success? An Italian giant, no longer fallen, is hoping to draw on its own.Stefano Pioli could feel it, even if he could not quite define it.In the nicest possible way, Pioli has made several journeys around the block as a soccer manager. At 57, he has been coaching in the volatile, capricious world of the Italian game for two decades. His current job, at A.C. Milan, is the 13th of his career. There is very little, these days, that counts as new to him.The couple of weeks leading up to and surrounding Milan’s Champions League quarterfinal against Napoli last month, though, were different. Quite what it was is difficult for him to identify. It manifested not just in the atmosphere in the stadium — unique, Pioli called it — but in an energy that infused the club’s inner sanctums, too.He came to understand it, eventually, as a sort of institutional muscle memory. For a long time, Milan’s present has felt just a little unworthy of the club’s past. Milan has felt, in recent years, like a club diminished, almost a relic of another age. Only Real Madrid has won more European Cups than A.C. Milan, but for 16 years Milan had not so much as made a semifinal. That is, technically, not quite a generation. In soccer time, it may as well be the Pleistocene.The mere promise of a return, though, brought everything flooding back. For Pioli, as for most of his players, it was virgin territory. For the fans, for the staff, for the directors — among their number the likes of Paolo Maldini, seemingly barely aged from his playing days — it was reassuringly familiar.“This club is used to these moments, these emotions,” Milan Manager Stefano Pioli said.Luca Bruno/Associated PressIt manifested not as a mass, Pioli said, but a force. For those games against Napoli, he said, the pressure of history “gave us more faith, more strength, more conviction.” The idea that a soccer club, with its ever-rotating cast of characters, might have some sort of vestigial memory baked into its bedrock is not poetic fantasy. “It exists,” Pioli said. “This club is used to these moments, these emotions. It knows how to be a protagonist.”For Milan, this is the stage on which it belongs. Its return represents a revival, a restoration of its grandeur, blurred but never quite lost in the tumult of the last decade or so. Even the opponent that lies in wait — its city rival and current San Siro housemate, Inter — brings the memories of how things used to be flooding back.The clubs have been here before: They were paired together in the semifinals in 2003, and again in the quarterfinals in 2007. (The auguries are good for Milan — on both previous occasions, it progressed — but not great for neutral observers: none of the four games, all home and away and yet held on precisely the same turf, could be described as a classic.)And yet the rivalry’s return is not testament to how little has changed, but how much. The Milan that took the field in 2007, on its way to winning its seventh European Cup in Athens, was the last incarnation of the club’s imperial phase: Maldini and Alessandro Nesta in defense, Andrea Pirlo in midfield, Kaká and Filippo Inzaghi upfront. It was still, recognizably, the team that Silvio Berlusconi had built, the fruits of the first modern superclub: experienced, authoritative, impossibly glamorous.The Milan that will face Inter at San Siro on Wednesday, and then again six days later, is quite different. Milan’s time in the doldrums — the years in which it was sold by Berlusconi, bought by a mysterious Chinese investor, salvaged by an activist hedge fund, and eventually purchased by an American consortium — have necessitated a complete change of approach.Where once Milanello, the club’s training facility, was famous for its ability to eke a few more years out of aging stars, the focus is now on youth. It is with great pride that Pioli points out — more than once — that his Italian championship-winning team of 2021 was “the youngest squad in history” to claim the title. That Milan returned to the pinnacle is the most important thing. But how it got there matters, too.The modern Milan is a blend of old (forward Olivier Giroud) …Marco Bertorello/Agence France-Presse — Getty Images… and new (forward Rafael Leão).Alberto Pizzoli/Agence France-Presse — Getty ImagesInter, notably, has refused to countenance such a switch of focus, rejecting the idea of abandoning its long-held status as one of Europe’s handful of destination clubs. “Inter is a very strong club, which rarely sells its best players,” Inter’s chief executive, Giuseppe Marotta, said last year, seemingly affronted by the idea that players might use it as a way station on their journeys to Real Madrid, Paris St.-Germain or the Premier League.Milan, by contrast, has bowed to reality, and sought to use its new place in the pecking order to its advantage. Under successive owners — first Elliott Investment Management, the activist fund, and now Red Bird Capital, backed by Gerry Cardinale — it has adopted a data-infused approach, based around locating the underappreciated and overlooked and burnishing them to a sheen.The midfielder Brahim Díaz came from the ranks of Real Madrid’s stand-ins. The versatile Malick Thiaw was plucked from Germany’s second tier. The defender Pierre Kalulu was playing for the French club Lyon’s second team. Milan has accepted that the world has changed. “A club has to have a project,” Pioli said. “Ours was very clear: to invest in young players with talent, and then give them time to grow.”A sprinkling of stardust remains, a ghost of the old glamour, in the form of Zlatan Ibrahimovic — now largely an immaculately-dressed cheerleader — and the ageless Olivier Giroud, but they have been scattered judiciously through the squad, given a role that is, at least in part, pastoral.“The club was smart in making sure there was a mix,” Pioli said. “That’s why we have been able to get such good results in such a short space of time. Sometimes, a coach can say something and it has an impact. But sometimes, when it is a teammate, a champion, it helps, too. It is all done with the same aim in mind.”Milan’s San Siro has two home teams in the Champions League semifinals. Only one can advance to next month’s final in Istanbul.Daniele Mascolo/ReutersThat aim has, broadly speaking, been an act of restoration. For most clubs, winning the championship would have been enough. Milan, though, belongs to that slim category of teams — along with Real, Bayern Munich, and to some extent Liverpool — that draw their identity less from domestic affairs and more from continental triumphs. The semifinals of the Champions League, and beyond, is where Milan, historically, feels at home.The place looks very different these days, of course. For all the mounting frenzy, the churning anxiety in Milan at the prospect of a winner-takes-all derby unspooling over the next week, received wisdom has it that both are playing for a silver medal. Whoever wins, the overwhelming favorite for the final will be whichever team emerges from the meeting of Real Madrid and Manchester City in the other semifinal. Unfeasible as it would have seemed in 2003, Italian soccer is an underdog now.Pioli, though, is undaunted. Economically, the teams of Serie A can no longer compete with even the small fry of the Premier League: Milan found itself outbid by Bournemouth, no less, when both were chasing the Italian midfielder Nicolo Zaniolo in January. Italy’s shine has faded, and its power has dimmed. This Milan is not a reprise of the glory days when Serie A towered over the world, but something closer to a requiem for them.“But when that is true, you have to be innovative,” Pioli said. “With ideas, with quality of work.” Necessity, he said, has been the mother of invention. “It has become an undervalued championship, in my mind,” he said. “There are lots of different ideas, different styles, lots of confrontations with teams and coaches who have different systems of play or how they interpret games.”That, in turn, has helped the new breed of Italian teams — their squads diminished, perhaps, from the days when they acted as a roll-call of global superstars — to begin to make up for the financial shortfall.They may not have the best players any more. They may not have the luster they once did. In the bright, harsh light, a team as grand as A.C. Milan might even come to look like a minnow. But they have, Pioli said, a “knowledge” rooted in the variety of challenges they encounter domestically, one that means they are “prepared” for whatever Europe can muster.“Calcio has suffered for a few years,” he said. “But now it is ready to be a protagonist again.” More

    • 88 Shares179 Views

      in Soccer

      The Champions League Ventures Down Memory Lane

      by

      Real Madrid-Manchester City is the headliner. A.C. Milan-Inter is the classic.The blockbuster matchup, no question, is the one that pits the establishment against the insurgent, the old guard against the new wave, the incomparable past against the inevitable future.Real Madrid against Manchester City has Pep Guardiola, Luka Modric, Erling Haaland, Karim Benzema. It is the team with more European Cups than anyone else against the team that wants a European Cup more than anyone else. It is a sequel, of course, but the Champions League — like Hollywood — loves a sequel. It is pure box office.It might, then, seem both distinctly counterintuitive and obviously pretentious to suggest that the other Champions League semifinal might somehow be more alluring. A.C. Milan against Inter Milan is very much the art-house offering, the feature directed at a niche, self-selecting audience. (Unless you are, of course, Italian.)It will not, make no mistake, have quite the production values of the show on offer at the Bernabéu and the Etihad. The cast list is not quite as glittering. And despite featuring two rivals so local they share a stadium, it does not offer quite such a straightforward, compelling narrative.Real Madrid against Manchester City, at heart, is about revenge and it is about power. It offers an insight into the ever-mutable nature of the Champions League, and by extension European soccer. There are conclusions to be drawn from its outcome.Diego Milito and Inter won the 2010 Champions League final.Christophe Simon/Agence France-Presse — Getty ImagesInter versus Milan, on the other hand, has just kind of happened. It is not to diminish their achievements to suggest that neither team expected, realistically, to be here. Their presence in the final four is not a consequence of rich form or stellar seasons; both have performed modestly in Serie A this season.It cannot even be read in good faith as proof of the resurgence of Italian soccer, which remains mired in debt, hidebound by bureaucracy and hamstrung by grinding conservatism. As the magazine Rivista Undici pointed out this week, nobody seriously believes that Serie A is now the best domestic competition in Europe because it provided three of the eight Champions League quarterfinalists this season. The successes of Inter, Milan and Napoli belong to the clubs themselves, not to the league as a whole.But for all that, the matchup’s appeal is undeniable. First and foremost, of course, it is a derby, one being played out over two of the biggest games of the club season. It is what was described, the last time it happened, as the “longest derby in the world,” a week of worry and stress and hope from which both heroes and villains will emerge.That it is fresh helps, too. No Italian team has reached the semifinals since Roma’s equally unanticipated surge in 2018. Neither Milanese side has made it this far since the last time they won the competition: Inter in 2010, Milan in 2007.Inter is the last Italian team to win the trophy.Mladen Antonov/Agence France-Presse — Getty ImagesThe Champions League has long felt like a private club. The two sides of this rivalry, the Derby della Madonnina, make unlikely interlopers. Milan, with seven titles, has won the European Cup more than anyone except Real Madrid; Inter is eighth on the list, with three. Neither would accept the role of underdog either naturally or willingly, even as their presence is an infusion of new blood that the tournament needed.But most of all, for a certain vintage of fan, it has to do with memory. It was 2003, the last time these two teams were drawn together at this stage of this competition. (They would meet again, in the 2005 quarterfinal, a tie that A.C. Milan won with ease.)Back then, it was far closer to a curiosity than a miracle. Serie A, after all, was regarded as the finest league on the planet, and had been for 20 years or so. Milan — or at least the combined geography of Piedmont and Lombardy — was Italian soccer’s capital, and by extension the mistress of the world. That Inter and A.C. Milan might stand in each other’s way was only a matter of time, part of the natural order of things. A.C. Milan scraped through, that time. It beat another Italian team, Juventus, in the final.It is hard to pinpoint, precisely, when that world ended. Eras, in soccer, do not divide as neatly as journalists, historians and the subset of fans who think about these things like to pretend. Italian clubs won the Champions League three times in the first decade of this century: Milan twice, in 2003 and 2007, and Inter in 2010. Juventus made the final in 2003, too, and Milan in 2005.Filippo Inzaghi scored when Milan last won the Champions League, against Liverpool in 2007 in Athens.Paul Ellis/Agence France-Presse — Getty ImagesAnd yet, by the time of Inter’s victory, few would have pronounced Serie A the best domestic competition on the planet. That title had passed first to the Premier League, and then, thanks to Lionel Messi and Cristiano Ronaldo, to La Liga.(It would return to the Premier League, by common consensus, no later than 2016. But again: In that time, English sides have won the Champions League twice. Real Madrid has delivered four more trophies for Spain. These things are unhelpfully messy.)Likewise, there is no single explanation for why or how it happened. Serie A lost its primacy in the same way that Hemingway wrote about going bankrupt: gradually, then suddenly. The stadiums started to look a little outdated, and then the style of play did as well. The debts piled up. The television product grew stale, the revenues dwarfed by those on offer in the Premier League.The players, as players do, gravitated to where the money was, and the money was in England and in parts of Spain. Violence flared with ever greater frequency in the stands. Attendances started to fall. Patches of empty seats appeared on screens.And against that backdrop came Calciopoli, the great referee-influencing scandal of 2006, dripping poison and doubt into Italian soccer’s bloodstream. Juventus was disgraced. Others were stained. Everyone suffered. Serie A was faded and diminished and now it was tarnished, too. It has never really recovered.That there is a Milan derby in the semifinals of the Champions League — that, for the first time since 2017, there will be an Italian team in the final in Istanbul — is not a remedy for that decline.Only Real Madrid (14) has more Champions League titles than A.C. Milan (7).Franck Fife/Agence France-Presse — Getty ImagesThe Serie A that has emerged from the ashes of its past has plenty of attractive qualities. It is on course for a fourth winner in four years. It has a competitive balance that few of its peers can match. It is home to bold, intelligent coaches, giving rise to an enticing heterogeneity of style, and it has more than a few owners seeking to introduce a degree of innovation.But it is not on the cusp of reclaiming its place at the summit of world soccer; that crown is awarded not by artistic merit or even by popular acclamation but by brute economic power. Serie A was not king in the 1990s or 2000s because of the weather, or the food, or some innate cultural supremacy. It just paid more. Now the deepest pockets are in the Premier League, and that is not going to change anytime soon.It is there, though, that lies the appeal of Milan against Inter, twice in six days, for a place in the biggest game of the year. It is a break from the present, a chance to drift just a little in a past that has disappeared. There was no notice issued when Serie A slipped — or stepped off — its pedestal. There was no opportunity to say goodbye. Now, two decades later, there is an unexpected reminder of how the world used to be, before things moved and shifted and changed forever, when the light in Italy just seemed a little brighter than anywhere else.Details, DetailsAt Bayern Munich, it’s back to the drawing board.Leonhard Simon/ReutersBayern Munich will not take this well. It is less than a month since the club fired Julian Nagelsmann, a manager it had paid more than $25 million to hire, at least in part because he went skiing at a time deemed inappropriate. The club is unlikely to shrug its shoulders at being eliminated from not only the Champions League but the German cup, too, in the space of a few days.Thomas Tuchel, freshly installed as Nagelsmann’s replacement, should be safe for now, but all around him will be a blur of change. Oliver Kahn, the iconic goalkeeper turned chief executive, is under scrutiny. Hasan Salihamidzic, another former player and now Bayern’s sporting director, will not be resting easy. Herbert Hainer, the club’s president, already has hinted that there will be churn in the squad, too.Whether any of this will have the desired effect is a different matter. There was a sense, watching Manchester City hold Bayern at bay on Wednesday evening, of two clubs moving in opposite directions. An era that belongs to City, and to its fellow avatars of the new soccer, is doubtless beginning. The one dominated by Bayern and its ilk is slipping into the past.And yet the whole picture is much more complex, and substantially simpler, than that.No, Bayern cannot compete with City, not in the long term: The combined forces of Bavarian corporate culture are no match for that particular blend of Premier League wealth and nation-state resources. The days when Bayern could function essentially as a Bundesliga All-Star team — plucking the finest players from its rivals to perpetuate its domestic dominance and its European relevance — are over. Like Juventus and Barcelona before it, Bayern Munich will at some point bow to, or be bowed by, England’s economic primacy.But decade-spanning macroeconomic trends are not easily distilled into roughly two hours of soccer. Even in a game that seemed to define the direction of the whole sport, the margins were impossibly fine. In this case, it came down to the fact that City has a fearsome goal scorer — Erling Haaland, you may have heard him mentioned — and Bayern, essentially, does not. Tuchel’s team created half a dozen good chances before Haaland scored in Munich. It just did not take any of them.And, frustrating though that might be, it is also a significantly easier problem to solve than the imbalance in financial prowess between the European continent and the acquisitive, swashbuckling utopia that sits shimmering just off its shores. (The Premier League, that is. Other adjectives are available for the current state of Britain.)Should Bayern secure the services of Victor Osimhen or Randal Kolo Muani this summer — or even, the club’s ultimate dream, Harry Kane — it will certainly be back in the quarterfinals of the Champions League next season, and there is a better than even chance the outcome will be different. Long term, big picture, Bayern cannot keep up with the wealth of the Premier League in general, and Manchester City in particular. But then it does not need to, not really. It just needs to be able to overcome it for 90 minutes at a time.Correspondence: Your Ideas, RatedThe good news: Many, many of you have been in touch to pitch ideas for how soccer might follow baseball’s example and tweak its rules to make the game more engaging for idle teenagers. Not quite as many as got in touch to tell me about why banning the shift in baseball is a good thing, but still, a lot.The bad news: None of you got the correct answer, which was Extra Time Sudden Death Multi-Ball, so nobody wins the special prize of an afternoon of blue-sky thinking with Gerard Piqué.There were, alas, too many emails to address every suggestion, so here is a fairly representative selection, each condensed into a pearl of wisdom and then assessed by an expert panel — me, talking to my dog — who considers the suggestion’s merit and then makes a slightly condescending remark about its viability.Paul Kassel: “Shrink the field. It would compel tighter passing, fewer over-the-top balls that go nowhere, a bit more chaos. It would speed up the game, and likely increase scoring.”I like the theory, but if anything I’d go the other way: Teams are too well-organized now, so let’s space them out a bit. Grade: B.Charles Kelly: “The most obvious way to restore any modicum of sanity to the offside and handball rules is to restore their enforcement to the judgment of the referee. Accept that such calls are a judgment. Will some judgments be wrong? Of course. That’s the nature of judgment, and reasonable people know and accept that.”Thoroughly sensible, certainly for offside. Handball would be better served if there had to be deliberate motion toward the ball, as was the case at some point, I think. All of this falls down on relying on people to be “reasonable,” obviously. Grade: A for idea, F for execution.The referee will hear your complaints in order. Please take a number.Azael Rodriguez/Getty ImagesKirk Farmer: “I would change the offside rule so that a player is onside if any part of his/her body is even with the defender.”Wouldn’t we all, Kirk? Well, you, me and Arsène Wenger, which is not a bad group to be in, unless you’re Wenger. Grade: ASteve Elliott: “Some league somewhere should stop awarding points just for showing up, and say to get points in the table, you need to score goals on the field. No points for a goal-less draw.”Hard pass, I’m afraid, Steve, but there is the kernel of an idea here. Could an away draw earn more points than a home draw? Could scoring three goals or more earn a bonus point? Grade: C for you, D for me.Gregory Crouch: “Punish time-wasting by adding all those extra minutes like they did at the World Cup. Punish intentional tactical fouling more harshly.”Yes to both. But you lose points for the third suggestion, omitted here, of making refereeing more consistent. Too vague. Grade: BLaura Goldin: “How about enforcing the six-second rule that is supposed to be how long the keeper can handle the ball?”This was the rule for at least a decade, and as far as I know, still is. We just seem to have stopped enforcing it. Grade: A, with an asterisk because it already exists.Fred D’Ambrosi: “The solution to soccer’s problems is the salary cap. It will never happen, but leveling the playing field solves many more problems than cutting the game time by 30 minutes.”A salary cap or some other alternative that bridges the massive, yawning rift between the rich and everyone else and that we have, for some reason, all decided is actually great? If anything, this idea is insufficiently outrageous. Grade: A More

    • 125 Shares99 Views

      in Soccer

      AC Milan Sale: RedBird Capital Buys Team for $1.2 Billion

      by

      Milan, a seven-time European champion, was acquired by RedBird Capital for $1.2 billion. The investment firm has ties to both the Yankees and the Boston Red Sox.A.C. Milan, the storied Italian soccer team, is teaming up with another storied franchise: the New York Yankees.The Italian team, which last season secured its first league title in 11 years, announced Wednesday the completion of its long expected sale to a group headed by the investment firm RedBird Capital Partners that includes the Yankees. The 1.2 billion-euro ($1.2 billion) price tag represents a major payday for Elliott, the vulture fund that secured the team in 2018 after its former Chinese owners defaulted on a $300 million debt.RedBird, led by its managing partner Gerry Cardinale, has been on a spree of acquisitions, with Milan becoming just the latest sports investments made by the firm. Last year, it paid $735 million for a stake in Fenway Sports Group, owner of baseball’s Boston Red Sox and the powerhouse English soccer team Liverpool F.C.The Yankees are not the only eye-catching name now attached to A.C. Milan. Media reports said the basketball star LeBron James, who owns a stake in F.S.G., and the rapper Drake would also own a minority stake of A.C. Milan.For the Italian team and its supporters, the sale will mark another chapter in its efforts to return to the top of European soccer after a decade of decline marked by financial crisis and poor performance. Last year, Milan, a seven-time European champion, qualified for the elite Champions League for the first time since 2014.Elliott seized the team in 2018 and set about repairing A.C. Milan’s balance sheet, which was one of the most distressed in all of sports. In 2020, the team had losses of nearly $200 million, with that figure halved a year later as the owners slashed payroll costs by moving out underperforming aging stars and replacing them with younger — and cheaper — alternatives.The changes paid dividends last year with a surprise run to the Italian championship, a success that positioned the team to be sold at what is most likely the upper end of its market value.“Our vision for Milan is clear: We will support our talented players, coaches and staff to deliver success on the pitch and allow our fans to share in the extraordinary experiences of this historic club,” said Cardinale, adding the owners would seek to leverage their sports and media assets to maintain “Milan’s place at the summit of European and world football.”Milan’s fan base has been energized by the team’s recent improvement. Last year, they qualified for the Champions League for the first time since 2014. Massimo Paolone/LaPresse, via Associated PressMilan’s sale is the latest high profile sale of a European sports team to American investors. It follows the 2.5 billion pound ($3 billion) purchase of Chelsea Football Club, the most ever paid for a team in any sport, by a group led by California-based private equity firm Clearlake.For Elliott, the sale means a tremendous amount of profit from an investment that started out as a $300 million loan to allow a little known Chinese businessman to buy the club from its longtime previous owner, the former Italian prime minister Silvio Berlusconi, in 2017. About a year later, it ended up in control of one of the world’s most well-known sports brands for an amount — despite all of Milan’s problems — that was below its market value.The club poached Ivan Gazidis, a former vice commissioner of Major League Soccer, from Arsenal in the Premier League to run the club and gradually began to move up the standings under Coach Stefano Pioli. A second-place finish in 2021 was followed by a title triumph secured by a victory on the last day of the 2021-22 season.“When Elliott acquired A.C. Milan in 2018, we inherited a club with a tremendous history but with serious financial problems and a mediocre sporting performance. Our plan was simple: to create financial stability, and to return A.C. Milan to where it belongs in European football,” Gordon Singer, Elliott’s managing partner, said in June when an agreement with RedBird was first announced.Now that the deal has been completed, RedBird will most likely need to reassure European soccer’s governing body, UEFA, that it will comply with rules barring one investor from owning a significant share in two teams playing in its competition. Milan and Liverpool will both play in this season’s Champions League but have not been drawn to play in the same opening groups. They could meet in the knockout phase. RedBird also owns the French soccer team Toulouse.Milan has made a solid start to the new season, unbeaten after four rounds of the new Italian season, relying on much of the same roster it used to win the title last year, spending just $50 million on new talent, about half the amount spent by the league’s richest team, Juventus.While Milan is savoring success again, its long-term future is unclear, with significant investment required to build a new stadium. The team currently leases the San Siro stadium it shares with city rival Inter from the local government and is planning to build a new facility that it will co-own with Inter. Progress has been halting, highlighting the difficulty team owners have in building new facilities in Italy, where most top-division soccer teams continue to play in aging public-owned arenas.Milan’s financial firepower is also lagging behind Europe’s top teams, particularly the biggest teams in England, where revenue — particularly television income — is considerably higher than in any other major soccer league. RedBird is co-owner of the Yankee Entertainment Sports Network, the most-watched regional sports network in the United States, and will look to tap that relationship to find new growth, Cardinale said.“We are very pleased to continue our partnership with them and will look to explore opportunities together to broaden our fan reach and expand commercial opportunities that are only available to franchises that operate at the highest levels of sports globally,” he said.The investment in Milan is not the Yankees’ first foray into international soccer. In 2001, the team signed a joint-venture agreement with Manchester United, which failed to yield the returns that either side expected, resulting in the deal being quietly shelved. It is currently a minority owner in Major League Soccer’s New York City F.C., which is controlled by United’s crosstown rival Manchester City.The takeover by RedBird comes just a year after the collapse of an effort by a group of 12 European clubs — including Milan — to set up a breakaway European super league. Though that endeavor embarrassingly collapsed within 48 hours, the factors that led to its creation remain as relevant today, including the untrammeled spending power of teams owned by wealthy Gulf nations. Owners of the most well-supported teams continue to demand a greater, and reliable, share of European soccer’s television revenue, irrespective of performance.With English teams pulling further and further ahead of rivals elsewhere, it is unlikely that the status quo will not be challenged again. More

    • 175 Shares179 Views

      in Soccer

      As A.C. Milan and Inter Return to Top, San Siro May Be Coming Down

      by

      As he watched the soccer game playing out on television, the Milanese writer and actor Gianfelice Facchetti felt an emotional tug that he thought might be leading him toward his next book.It was during Italy’s first coronavirus lockdown, and Facchetti’s favorite team, Inter Milan, had been forced to play its matches behind closed doors. The decision left its longtime home, the 80,000-seat Giuseppe Meazza Stadium, more commonly known as the San Siro, devoid of atmosphere, and amid the silence Facchetti’s mind began to drift.He thought back not only to fond memories and tense moments in the arena where his father, Giacinto, had represented Inter and Italy but also to news stories that had been circulating for months describing plans by the teams that share the nearly century-old stadium, Inter and A.C. Milan, to abandon the stadium or, worse, demolish it.The San Siro’s contrast of cylindrical towers and long red trusses has admirers among fans and architects alike.Camilla Ferrari for The New York Times“I was thinking, when I started to write: If you want to destroy this place, this special place, it would be helpful to know the history,” Facchetti said.The book that sprang from that first impulse, “Once Upon a Time in San Siro,” was part history and part coping mechanism, Facchetti admits. He and many Inter fans, like those who support Milan, are still coming to terms with the fact that their “seconda casa,” or “second home,” could one day be no more.On the list of sins that stir the emotions of soccer fans, assaults on tradition surely rank near the top, particularly when maximizing revenue is seen as the motivation. Even minor changes, such as a new shirt design or an alteration of a club crest, can be like grabbing soccer’s third rail. For the same reasons, stadiums hold a special place in the minds of many supporters, serving as a physical embodiment of a lifetime of sporting experiences. A club’s decision to replace one, then, can bring not only monumental costs but also howls of protest.Yet replace them they do.From 2010 to 2020, 153 new stadiums were built across Europe, at a reported cost of more than $20 billion. Madrid got one. So did Stockholm and St. Petersburg. London opened two.Only 1 percent of this investment was made in Italy, though. Most professional teams’ stadiums in the country are both antiquated and publicly owned — only two have opened this century. And a new generation of deep-pocketed foreign owners with American tech, finance and retail fortunes are eager to create new revenue streams that they feel their clubs need to compete with richer rivals in England and elsewhere.Luciano owns a truck selling Inter and A.C. Milan merchandise. The latter held off its city rival to claim the Serie A title on Sunday.Camilla Ferrari for The New York TimesChange, though, is not as simple as drawing up plans and digging a stadium-size hole. When Milan and Inter announced their intention to build a new stadium more than three years ago, the subtext was that the San Siro — one of the largest stadiums in Europe and the site of four European Cup finals and matches in two World Cups — was no longer fit for its job in an age of luxury suites and corporate hospitality. Ever since, a debate about the arena’s future has split not only the teams’ wealthy owners and longtime fans but also politicians, preservationists and architects.“Italy is like an open-air museum: We have a lot of heritage,” said Massimo Roj, a Milanese architect and Inter fan who put forward one of the proposed designs for a new stadium in Milan. “We have to think that the San Siro is an old building. Your memory now is there, but, in 10 years time, we’ll be in another stadium, called San Siro again.”The first iteration of the San Siro opened in 1926 and was revolutionary for Italy because it was English in design, featuring four independent stands that sat square to the playing surface and no running track. It was expanded after the 1934 World Cup and again in the 1950s after Inter became a co-tenant.The most recent alteration came before Italy hosted the 1990 World Cup, when the architects Giancarlo Ragazzi and Enrico Hoffer and the engineer Leo Finzi added what became the stadium’s trademark: 11 cylindrical towers with helical ramps that allowed spectators to reach a new third tier. A roof made of red trusses was placed on top, its lines an angular — and to devotees, iconic — contrast to the circular forms that supported them.Yet in the decades after, the need for further refurbishments became increasingly apparent, fans said, as the Italian industrialists who once bankrolled the Milanese clubs sold their teams and Russian billionaires and Persian Gulf petrodollars rewrote the economics of elite European soccer.Many clubs in Serie A, arguably the world’s richest and most attractive league in the 1990s, now face growing debts and unsustainable budgets. Inter, for example, had to break up last season’s title-winning side just to meet its payroll.“In terms of revenues, we have, both Milan and Inter, revenues of around 35 to 40 million euros a year” — roughly $37 million to $42 million — “from the stadium, while our competitors are about €100 million,” the chairman of Milan, Paolo Scaroni, said in an interview. The San Siro reflected in the window of a tram that stops outside. Plans for a new San Siro nearby, and the destruction of the current one, have divided Milan.Camilla Ferrari for The New York TimesThe teams say they initially considered changes to the current San Siro but quickly concluded logistical issues and delays would be too much to overcome. What they have proposed instead is a 60,000-seat arena to be built next door. Once it is constructed, the current San Siro will come down and make way for public space that may include elements of its iconic towers and ramps, according to the designs by Populous, the American architecture firm whose proposal was chosen.“I think these buildings are containers, and therefore the old buildings have such emotion attached to them that the idea that some of it can remain, if it can be there as a marker of history of what was before, is quite a nice idea,” said Chris Lee, a managing director of Populous. “One has to be careful about trying to transfer too much of that, literally, into new buildings, where it can easily tip into the pastiche of trying to recreate a building.”Opposition is to be expected, Lee said. In Milan, it has emerged in various forms.Milan’s mayor, Beppe Sala, while generally supportive of the project, has warned both clubs that the city-owned San Siro would remain until at least 2026, when it is expected to host the opening ceremony of the Winter Olympics.A different group, the Si Meazza committee, has taken a hard-line approach, challenging the mere idea of the demolition of the San Siro, which its most prominent voices — lawyers, concert promoters and former politicians — described as a symbol of Milan known around the world, a stage on which Diego Maradona, Bob Dylan and Beyoncé have performed. Other critics pointed to the ecological impact of tearing down a stadium and highlighted renderings that they argued proved the job could be done for half the cost while saving the original arena.Some fear, though, the die may have been cast: A future without the San Siro received the tacit approval of Italy’s heritage authority in 2020 when it raised no objections to the stadium’s demolition. In November, the project was declared in the public interest (with certain conditions) by city officials.A month later, the clubs chose the Populous design: It features a stadium enveloped by a steel-and-glass galleria, reminiscent of the famed luxury-shopping district in the center of Milan, as the centerpiece of an expansive park on the site.But the legal fight over building any of it may not be over.The stadium has hosted two World Cup and four European Cup finals. Camilla Ferrari for The New York TimesThe next steps for the clubs will be to put their proposals to the public; that is expected to happen this summer. Municipality decisions can be appealed, and other bureaucratic hurdles can take months to resolve, said Scaroni, the Milan chairman. Aware of those potential delays, the clubs have said that they are also considering a Plan B: a site elsewhere in Milan.“More than three years, we are still debating about our master plan,” said Alessandro Antonello, the Inter chief executive. “Unfortunately, yes, we started with a very exciting energy three years ago, and now, after three years, we are still waiting for some answers from the municipality. So, now, for us, the main priority is to build a new stadium, whatever the location.”For opponents like Facchetti, though, the delays are just one more hopeful sign their beloved San Siro might yet be saved. Another good omen, he said, came this spring: His publisher has approved a second printing of his book.“It’s a sign,” Facchetti said. “People still want to speak about the San Siro and its destiny.” More

    • 63 Shares129 Views

      in Soccer

      The European Super League Explained

      by

      Whether you’re a lifelong fan or an outsider who doesn’t know your Manchesters from your Madrids, we’ve got answers to your pressing questions.A little more than a year after European soccer found a renewed sense of unity in the face of the coronavirus pandemic, the sport now faces its greatest crisis in a generation.Late on Sunday night, 12 of the world’s biggest soccer clubs unveiled a plan to launch what they called the Super League, a closed competition in which they (and their invited guests) would compete against one another while claiming even more of soccer’s billions of dollars in revenue for themselves.The announcement cast doubt not only on the ongoing viability of the Champions League — the sport’s showpiece club competition — but also called into question the very future of the domestic leagues that have been soccer’s cornerstone for more than a century.All of a sudden, it is not clear where soccer is heading, or what it will look like when it gets there. Here, then, is what we know so far.First things first: What is a Super League?The concept has been around for decades: a Continental competition that incorporates all of the most famous names from the Europe’s domestic leagues every year into an event all their own. For a long time, it has effectively been something between an aspiration and a threat. Sunday night, though, was the first time anyone had given it a physical form.Who gets to play in it?So far, there are 12 founding members. The teams that have been the driving force behind the project — Real Madrid, Manchester United, Liverpool and Juventus — have kindly invited eight other clubs to join them: Barcelona and Atlético Madrid from Spain, Inter Milan and A.C. Milan from Italy, and the rest of the Premier League’s self-appointed Big Six: Manchester City, Chelsea, Tottenham and Arsenal.They expect to be joined soon by three more permanent members, though it is not clear yet why those teams have yet to disclose their involvement. Paris St.-Germain in France and the Portuguese giant F.C. Porto were seen as likely candidates, but both have distanced themselves from the project. The organizers are eager to have a team like Bayern Munich, the reigning European champion and one of the world’s biggest clubs, but on Monday, Borussia Dortmund’s chairman said that not only was his team out but also that Bayern agreed with his position.Whatever the final roster, those 15 founding teams will form the league’s bedrock. The full allotment of 20 clubs each season will be fleshed out by a rotating cast of five more teams, chosen through some sort of formula that the organizers haven’t gotten around to deciding just yet.That sounds a lot like the Champions League.It does, to be fair. But the roster for the Champions League is set each year based on clubs’ performance in their domestic leagues. The Super League will have permanent members who face no risk of missing out on either the matches or the profits.The ‘Super League’ AnnouncementTwelve leading European soccer clubs issued a statement on Sunday confirming their plans to form a breakaway league. Here’s what they said at the time.Read DocumentHow will it work?The 20 teams will be split into two divisions — 10 teams in each — and then play one another home-and-away. At the end of the regular season, the top four clubs in each division will progress to a knockout round that will be familiar to viewers of the Champions League. The difference is that those playoffs will be held over the course of four weeks at the end of the season.Will the Super League teams still play in their current domestic leagues?That is absolutely their plan. It may not be the leagues’ plan.Is this about money?Yes. According to their own estimates, each founding member stands to gain around $400 million merely to establish “a secure financial foundation,” four times more than Bayern Munich earned for winning the Champions League last season.But that is just the start, really: The clubs believe that selling the broadcast rights for the Super League, as well as the commercial income, will be worth billions. And it will all go to them, rather than being redistributed to smaller clubs and lesser leagues through European soccer’s governing body, UEFA. At the same time, the value of domestic leagues and their clubs will diminish drastically as they are effectively rendered also-rans every year.Two architects of the Super League: Liverpool’s John Henry and Real Madrid’s Florentino Pérez.Armando Babani/EPA, via ShutterstockWon’t the Super League teams fight over all that money?The founding members have decreed that spending on transfer fees and wages will be capped at a certain percentage of revenue, which — theoretically at least — gives owners far more chance to restrict their spending at the same time as they are maximizing their income.Sounds good for those clubs. Their fans must be happy?Not so much, no. The reaction has been one of spittle-flecked rage at the betrayal of tradition. It does not help that, though several of the clubs have released statements insisting they will consult with fan groups as the project develops, nobody thought to do that ahead of time.It is hard, though, to be sure how universal the sense of outrage and betrayal is. There is a little evidence — though it is hardly overwhelming — of a demographic split in the reaction to the idea, and it may be that this is what the clubs are banking on: that older fans may be more wedded to tradition, and younger ones may be won over more easily. More

    • 113 Shares149 Views

      in Soccer

      Moisés Caicedo and the Perils of Too Much Interest

      by

      AdvertisementContinue reading the main storySupported byContinue reading the main storyOn SoccerA Promising Star. A Gaggle of Suitors. A Wake of Vultures.It did not take long for the performances of a 19-year-old in Ecuador to catch the eyes of Europe’s biggest clubs. In soccer’s cutthroat transfer market, they were not the only ones watching.It did not take long for Moisés Caicedo to establish himself as a star for Independiente del Valle in Ecuador.Credit…Jose Jacome/Agence France-Presse — Getty ImagesJan. 21, 2021, 8:30 a.m. ETNothing stays secret for long in soccer. So thorough is the game’s hunt for talent and so desperate its thirst for players that no territory goes uncharted, no stone unturned, no prospect unobserved. Distance is no barrier. Remoteness is not a factor. The searchlight is so bright that there is no such thing, any more, as obscurity.And so, over the course of the last year, the powerhouse clubs of Europe’s major leagues have been turning their attention to Sangolqui, a suburb to the south of the Ecuador’s capital, Quito. They have focused on a club that hardly uses its own tight, compact stadium, and on a teenage midfielder not yet two seasons into his senior career.Moisés Caicedo would not have known it — not until recently — but his name has been playing on the lips of scouts and technical directors across Europe for months.Few, if any, clubs from the old world have a dedicated scout for leagues like Ecuador’s. Instead, emerging players are spotted in South America’s continental competitions — the Copa Libertadores and the Copa Sudamericana — or tracked through international youth tournaments.When a player of interest is identified, members of the recruitment staff trawl through footage of his domestic displays, and the corresponding performance data, on platforms like Wyscout, InStat and Scout7. Only then, if the numbers add up, will scouts — either club employees or trusted freelancers in specific markets — be sent to watch the player in person.An energetic and composed midfielder, Caicedo, now 19, passed every test. Manchester United’s South American scout alerted his employers to Caicedo’s ability. A.C. Milan found that the data and the assessment of their talent spotters tallied up. Club Bruges, the Belgian champion, noticed him, too. So did a phalanx of teams from England — Brighton and Chelsea among them. Nothing, after all, stays secret for long.All, independently, determined that Caicedo was an interesting proposition. Many of them started making discreet enquiries, performing the due diligence on both the player and his club — Independiente del Valle — to work out how a deal might be done. And they all heard precisely the same warning: Finding Caicedo was the easy bit. Working out how, exactly, to sign him would be much more difficult.A Rapid RiseCaicedo’s development came faster than his team expected, but the club felt it was a vindication of the model it built for finding stars.Credit…Pool photo by Rodrigo BuendiaEven at Independiente del Valle, there was some surprise at just how quickly the teenager the club had found playing in Santo Domingo — a small city a few hours west of Quito — had developed.When he moved to Sangolqui, Caicedo was not one of the standouts on the under-16 team that he joined, but he was quiet, determined, a fast learner. That squad contained several players who would represent Ecuador at the youth level, but by late 2019, Caicedo had outstripped them all.He made his league debut for Independiente in October that year, as a substitute against Liga de Quito; by the end of the month, he had his first start. In February 2020, he captained the club’s youth side to victory in the under-20 Copa Libertadores. When he returned, he went straight to the first team: He appeared in his first senior Libertadores game in April.If the speed of his success was a touch unexpected, it was treated within Independiente as vindication of the club’s model. Though the team had been founded in 1958, its modern incarnation came into being only in 2007, when it was taken over — and turned into a private enterprise — by a group of entrepreneurs, led by Michel Deller.“There was a clear vision,” said Luis Roggiero, the club’s sports manager. “There is a pool of talent in Ecuador that had not been given an opportunity to develop: The players that had come through had done so on their own merit, not because they found a club or federation that helped them. The idea was to construct a club to compete at national and international level by finding our own talents, finding them early, and developing them our way.”To do that, the club commissioned a study of the districts in Ecuador that produced the most players, Roggiero said, and then constructed training bases in each of them: dragnets to capture whatever talent came through. The best prospects would then be recruited to the club’s main training facility in Sangolqui — which contains accommodations for 120 young players and an on-site school — to be inculcated in the team’s style of play.“We built an idea of how we wanted to play, and then designed training — technical and physical and mental — to help them produce that,” Roggiero said. It was a long-term plan that has born fruit: In 2016, less than a decade after Deller and his associates found the club in Ecuador’s third division, Independiente reached the final of the Copa Libertadores, where it lost to Colombia’s Atlético Nacional. The club is now a regular sight in the latter rounds of South America’s biggest club competition.Roggiero attributes that success to the fact that — unlike many teams in Ecuador, and across South America — Independiente is privately owned. “We are not subject to elections, so we can have long-term horizons,” he said. “We can be responsible financially, we can maintain the same administration. The club can be sustainable. The idea has been reinforced by the results we have had in our short history. It shows the road we have chosen is valid.”Success on the field, though, is not the only gauge of the club’s success. So, too, are the players it has produced. Graduates from Independiente’s finishing school are now a regular sight on Ecuador’s various national teams: Seven members of the current men’s squad came through the club’s system, as did six players on the women’s national side. Scouts, agents and technical directors now flock to Sangolqui to scour its youth teams for signs of promise; an annual international under-18 tournament it hosts has become compulsory viewing for those in the recruitment business.In recent years, Independiente has been able to sell players not only to the leagues that have some tradition of importing from Ecuador — those in Argentina, Mexico, Brazil — but also, increasingly, to clubs in Europe: Players have left for Granada and Real Valladolid in Spain, for Italy’s Atalanta, for Brighton in England, for Genk in Belgium and for Sporting Lisbon in Portugal.As Caicedo’s star rose, it became clear that he would be the next to make that journey.But while more European teams might be aware of Independiente — and Ecuador as a whole, after a run of success for its international youth teams — as a source of talent, the country remains an unfamiliar market for most.Its clubs, generally, prefer to sell to other South American leagues, where the initial fee can often be higher; the most powerful agencies in the country tend to have well-established links with Brazil, Mexico and the United States. Few European teams have a presence, or a way in. For them, it can be uncertain, unfamiliar ground.And there are always plenty of people, in soccer’s transfer market, ready to capitalize on any uncertainty at all. Unfamiliarity, for some operators, means opportunity.The SquabbleMultiple teams in Europe have expressed interest in Caicedo. It is not entirely clear whom they must work with to acquire him.Credit…Rodrigo Buendia/Agence France-Presse — Getty ImagesMost of Europe’s clubs received the same feedback when they started to delve a little deeper into Caicedo’s situation: It was not immediately clear, they were told, precisely who was representing the player, who had the power to agree to terms on his behalf. “Too many agents involved,” as the note sent to one recruitment department read.A transfer deal should, on the surface, be a straightforward thing. The buying club should — strictly speaking — contact the selling team, establish a price, and then contact the player’s agent in order to work out the personal terms.If that is a little naïve, then the pragmatic alternative — contact the agents first, find out if the player is interested, ask what a deal would cost, and then present the selling club with a fait accompli before haggling over price — might be more cynical, but it is not substantially more complicated.The reality, though, is much messier. Teams frequently give an agent a mandate to sell their own player, in order to retain a degree of negotiating power. Often, different agents will be given mandates to sell players to different countries: One will do the deal if an Italian team is interested, someone else if it is a Spanish club. Those mandates can then be traded and sold between agents.As soon as a talented player emerges, a suite of agents will typically descend on him, offering exclusive access to a particular team or league, or simply an ability to negotiate a better deal. Sometimes players sign multiple agreements with multiple agents, based on nothing more than promises.Most of those involved in recruitment accept this as the way things are, and the way they have always been across the world, though many find it especially difficult to untangle deals to take players out of South America. The sporting director at one major European club, though, believes the problem has become much worse since FIFA moved to deregulate agents in 2015. “Now, you can basically do anything you like,” said the director, who spoke on the condition of anonymity because he was not authorized to address the issue publicly.It is precisely that sort of free-for-all that engulfed Caicedo. For much of his nascent professional career, he has been represented by Kancha, an Ecuadorean agency with a roster of young players and a cohort at Independiente. As clubs’ interest in him grew, though, so too did interest from agencies, eager to profit not only from his promise but also from teams’ comparative inexperience in buying players in Ecuador.Members of the Caicedo’s family — he is the youngest of 10 siblings, and has 25 nephews — were inundated with offers from agents seeking a mandate to sell him. Those close to the dealings, though not authorized to speak on the record about private business arrangements, said they believed that relatives had reached agreements with two of them: a German-based firm, PSM Proformance, and a company in Argentina. PSM Proformance did not respond to a request for comment.All of a sudden, there were three agencies — including Kancha — claiming to speak for Caicedo, to have the power to do a deal. Independiente, the club that had nurtured him, was effectively rendered irrelevant in the sale: It will receive roughly the same fee regardless of which agent strikes a deal, and is expected to ask for a clause that will bring the club a 30 percent cut on any future transfer, too.But if his club is unaffected, the same cannot necessarily be said of Caicedo. With multiple agents not only touting him across Europe but also peppering the news media, in Ecuador and farther afield, with tips about his potential destination, many clubs that had been enticed by Caicedo’s enormous promise chose to walk away. Manchester United and Milan both decided not to become embroiled in a situation they deemed too knotty to unravel.Others stayed the course. Brighton — currently considered his most likely destination — had the advantage of a pre-existing relationship with Independiente and Kancha, having signed a player from both in 2018. Caicedo will get his move: His talent, ultimately, guarantees that.What concerns those who have watched him flourish over the last couple of years is whether it will be the right move, for the right reasons. Caicedo’s rise, so far, has been unexpectedly, almost impossibly smooth. Being exposed to the perils of the transfer market, though, means the road ahead is littered with obstacles. He has been found. The risk now is that he might yet be lost.AdvertisementContinue reading the main story More