AC Milan fired Vincenzo Montella and named Gennaro Gattuso as coach yesterday after the club failed to produce inspiring results with a completely revamped squad.

Milan, which spent more than 200 million euros (nearly $250 million) on new players in the offseason, has won only two of its past nine matches and has as many losses - six - as wins. The Rossoneri have been beaten by Lazio, Roma, Inter, Juventus and Napoli - the top five teams in the standings. The move came a day after a dispiriting 0-0 draw at home with Torino left Milan in seventh place in Serie A.

A seven-time European champion, Milan is also facing financial fair play inquiries from UEFA after an offseason spending spree brought in an entire squad's worth of new players. Gattuso, who had been in charge of the club's youth squad, won the 2003 and 2007 Champions League titles with Milan as a gritty midfielder. The 39-year-old Gattuso also previously coached Sion, Palermo, OFI Crete and Pisa.