Massimo Calvelli’s Expanded Powers: AC Milan’s New CEO Can Sign €50m Deals and Oversee Stadium Project

FolioPitch.com – 10 July 2026 | AC Milan‘s new CEO Massimo Calvelli has been granted sweeping authority to manage transfers, institutional relations, and the new stadium project, according to official documents filed with the Italian Chamber of Commerce. The MN Stadium transactions and more Calvelli s full remit at Milan s CEO reveals a clearly defined hierarchy for decision-making at the Rossoneri.

Calvelli, who was appointed during the Board of Directors meeting on June 25, 2025, and registered two days later, holds individual signing power for transactions up to €50 million. These include player transfer fees (but not salaries or agent commissions), management of employees and executives, institutional relations with football federations, judicial representation, sponsorship and partnership agreements, supplier contracts, ordinary banking operations, external communications, and oversight of the stadium project. The MN Stadium transactions and more Calvelli s full remit at Milan s CEO is a key document explaining the club’s new corporate structure.

For larger financial transactions, Calvelli must share signature authority. For transactions between €5 million and €20 million – such as structured financial operations, bank guarantees, credit cards, and significant current account movements – the joint signature of CFO/COO Stefano Cocirio is required. For major deals exceeding €50 million up to €100 million – including high-value transfers, player contracts, and agreements with staff and agents – Calvelli must obtain the joint signature of either president Paolo Scaroni or owner Gerry Cardinale. An example cited is the signing of Goncalo Ramos, where Cardinale’s approval was necessary. The MN Stadium transactions and more Calvelli s full remit at Milan s CEO thus ensures that the owner remains involved in every major decision.

Calvelli’s term runs until the approval of the financial statements on June 30, 2027, after which his appointment may be renewed or a new role defined. The document clarifies that all powers are exercised within the framework of the club’s strategic objectives, with the stadium project receiving particular attention as a priority for the club’s future growth.

This comprehensive delegation of authority marks a significant step in AC Milan’s corporate governance, providing clarity on who can make which decisions and at what thresholds. The MN Stadium transactions and more Calvelli s full remit at Milan s CEO will be a reference point for investors, fans, and media tracking the club’s financial and sporting direction.

In conclusion, Massimo Calvelli’s role as CEO is now fully delineated, balancing individual initiative with necessary checks through joint signatures. This structure aims to streamline operations while protecting the club’s interests in high-stakes negotiations. The stadium project, in particular, stands to benefit from a dedicated executive with clear authority and accountability.