Succession Planning of A.C. Milan Research Paper

Succession Planning of A.C. Milan - Research Paper Example The soccer team plays in Series A league. A.C. Milan was established in 1899 by Herbert Kilpin and Alfred Edwards among others. The soccer team has its entire history in the top Italian football flight with an exception of 1982–83 and 1980–81seasons popular as Serie A between1929–30 (Singer, 2010). The club’s owner is former Prime Minister of Italy with a controlling shareholding by Mediaset Silvio Berlusconi as well as Adriano Galliani, the vice-president. The soccer team is ranked as a wealthy and most valuable asset in the Italian, as well as world football. The soccer team was one of the founding members of G-14 group (now-defunct) in Europes leading football clubs as well as the replacement, European Club Association. Milans subsequent seasons of success were derived from the former player, Carlo Ancelotti. His November 2001 appointment allowed Ancelotti to take Milan to 2003 Champions League final. However, the soccer team was defeated Juventus through penalty shoot-out to secure the sixth European Cup for the club. The members won scudetto between 2003 and 2004 prior reaching 2005 Champions League final (Hastings, 2014). The focus also started with a beating from Liverpool through penalties irrespective of the lead of 3–0 during half time. Mission: â€Å"To maintain the balance of management and of accounts both to support sporting excellence and the activities associated with the expectations of our clients and our stakeholders. The economic and financial management oriented to structural sustainability must be in compliance with the provisions of UEFA Financial Fair Play† Changes in the soccer teams include movement in diversified lines of business, alternate global markets, and new technology demanding for new attitudes among soccer soccer team managers and with different competencies, talents and qualifications the A.C Milan soccer team believes in career development among the