The Arsenal chief executive, Ivan Gazidis, has announced his decision to leave his role on October 31 to take over the same role at AC Milan, the Italian giants from December 1, where Evening Standard states he has been handed a significant increase on his £2.6million a year salary and an equity stake in Milan that could prove to be worth millions more.
Head of football relations Raul Sanllehi will take on a new role as head of football whilst Vinai Venkatesham will be managing director. Due to this restructuring at board level Arsenal does not need to appoint a new CEO.
Josh Kroenke, son of majority owner Stan, said:
“It has been a pleasure working with Ivan. We will miss the wisdom, insight, and energy he brought to our club on a daily basis over the past decade.
“We are confident we have outstanding people in Raul and Vinai, and we look forward to working with them and coach Unai Emery to continue to move the club forward on and off the pitch.”