Photographer: Miguel Medina/AFP via Getty Images
Wall Street Has a Plan to Remove Racist Fans From Italian Soccer
Investors say tackling overt racism in the stands could help make Serie A as valuable as the English Premier League.
Ivan Gazidis was just months into his role as chief executive officer of AC Milan SpA when he saw two of the Italian soccer club’s Black players subjected to racist chants from rival fans.
Stamping out similar behavior could help make Italian soccer an international brand as valuable as the English Premier League, said Gazidis, who was installed after U.S. billionaire Paul Singer’s Elliott Management Corp. bought the team two years ago.