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According to sources in Italy, Ivan Gazidis now looks set to stay at Arsenal despite €4 million offers from AC Milan, according to Sky Sport.
According to a report from Corriere dello Sport, as cited on Football Italia, Gazidis is yet to accept Milan’s €4 million offer, casting serious doubts over the move.
The report also claims the Arsenal chief executive would demand various different expensive clauses as part of the deal.
The Serie A club approached Gazidis over the summer by the club’s new owners Elliott Management who want someone to strengthen the club’s “brand value” and bring in more sponsorship revenue.
The Johannesburg-born former law graduate, who turns 54 the day before Arsenal play Newcastle United is yet to make an official statement in regards to this speculations.