Moretto: Massimo Calvelli to have ‘more and more power’ on Milan’s board – his background

AC Milan will soon put a new Board of Directors in place, and there is one figure in particular who looks set to gain more power.

Under the ownership of RedBird Capital, the board has remained fairly consistent with no huge upheavals compared to the one put in place by Elliott Management. Of course there have been occasional changes, but generally things have remained stable.

The board is chaired by Paolo Scaroni and includes Giorgio Furlani (CEO), Stefano Cocirio (CFO), and representatives from the main shareholders, RedBird Capital Partners and Elliott Investment Management.

Other members include the owner Gerry Cardinale as well as Randy Levine, Robert Klein, Mark Dowley, Gordon Singer, Riccardo Stefanelli, Alfredo Craca, David Castelblanco and Dominic Mitchell. As of 2024, the board was paid more than that of any other club in Serie A.

‘More and more power’

Matteo Moretto spoke in a video on Fabrizio Romano’s YouTube channel that went out on Wednesday night, and in addition to talking about Adriano Galliani’s potential return, he spoke more generally about the board at Milan.

“I wanted to name a name. This new Board of Directors will be in place soon, and these internal positions will be redefined within the organisational chart,” he said.

“I can tell you that Massimo Calvelli, who served as CEO of ATP [Association of Tennis Professionals] for a long time, joined RedBird in July and, from what I understand, will have more and more power, or at least a more prominent role than the one he held until now.”

Calvelli had a professional tennis career and then – backed by a university degree – began a career in marketing and management at major global companies.

He worked as the Global Business Director for Wilson Sporting Goods, was a senior executive at Nike and the CEO from 2020 to 2025 of the ATP, navigating the organisation through the pandemic and starting talks over a merger with the Women’s Tennis Association (WTA).

Earlier this year he left tennis and became an Operating Partner at RedBird Capital. Now, his role could foresee more involvement in the running of Milan, if Moretto is to be believed.