AC Milan were at risk of dropping down to Serie B due to potential bankruptcy but are now in much better financial shape, claims club CEO Ivan Gazidis.
A former chief executive at Arsenal, Gazidis joined the Italian side in December 2018 and has recently come under fire for the decision to sack coach Marco Giampaolo.
With the club currently 13th in Serie A and with more losses than wins from their first seven league matches, Gazidis believes a change of managers was necessary as AC Milan looks to stabilise on and off the pitch.