As the new technical chapter takes shape with Ruben Amorim’s arrival, significant changes have also taken place behind the scenes at Casa Milan. The Board of Directors meeting on May 28th ratified an important update: Massimo Calvelli has inherited the operational powers previously held by Giorgio Furlani.
Who Is Massimo Calvelli and What Changes?
Massimo Calvelli becomes the new operational reference point for the club. He now holds signing authority and delegated powers covering both ordinary and extraordinary administration of AC Milan, representing the company in dealings with institutions and third parties. In practical terms, it is now Calvelli who represents Milan before the Serie A League, FIGC, UEFA, FIFA, and all other national and international sporting bodies.
It is a role of considerable responsibility, placing Calvelli at the centre of the club’s operational machinery during the crucial weeks leading into pre-season preparations.
Furlani: Still Formally CEO, but No Longer Operational
An important distinction must be drawn. Giorgio Furlani still appears in company documents and formally retains the title of Chief Executive Officer. This situation is expected to remain until the next Board meeting, which will most likely be called for the end-of-year financial close, expected around October. Until then, Furlani remains CEO on paper, while Calvelli manages day-to-day operations.
The Transfer Market Factor: Authority Capped at €10 Million
The most significant change — particularly in transfer terms — concerns autonomous spending limits. According to documents, Calvelli can sign off on deals up to a maximum of €10 million gross. Any operation exceeding this threshold requires the joint signatures of Paolo Scaroni and Gerry Cardinale.
This is a notable shift from the recent past: Furlani, as CEO, could independently sign contracts up to €30 million gross. The threshold has effectively been cut from €30 million to €10 million, with greater decision-making power on significant operations concentrated at ownership level.
To put it concretely: if Milan were to sign a player for €35 million, Calvelli’s signature alone would not be sufficient — it would require Cardinale and Scaroni as well. This means that the major transfer operations of the upcoming summer window will demand direct and timely involvement from the very top of the club’s hierarchy.
A Signal of Tighter Ownership Control
This reduction in autonomous signing authority can be read as a sign of RedBird’s more hands-on approach to club operations and transfer activity. At a moment when Milan is redesigning its entire structure — with the new hierarchy featuring Amorim as head coach, Krösche as Technical Director, and a redefined chain of command — it makes sense that ownership would want tighter oversight on major expenditure.
AC Milan is moving into a new era: a renewed structure, redefined roles, and clear objectives. The summer of 2026 will be the true test of this new model.
