Milan CEO Marco Fassone is reportedly in London, as they seek to refinance their loan from Elliott Management.
The Rossoneri were bought by Chinese businessman Yonghong Li last April, but he needed loans from the U.S hedge fund to get the deal over the line.
Holding company Rossoneri Sport Investment owes €180m, while the club itself must pay back €123m by October, or Elliott can take over Li’s shares.
As a result, Milan’s directors have been looking to refinance their debt, with Merrill Lynch appointed to find new investors.
Milan CEO Marco Fassone is reportedly in London, as they seek to refinance their loan from Elliott Management.
The Rossoneri were bought by Chinese businessman Yonghong Li last April, but he needed loans from the U.S hedge fund to get the deal over the line.
Holding company Rossoneri Sport Investment owes €180m, while the club itself must pay back €123m by October, or Elliott can take over Li’s shares.
As a result, Milan’s directors have been looking to refinance their debt, with Merrill Lynch appointed to find new investors.
Now Il Sole 24 Ore is reporting that Fassone is in London to meet with up to 10 potential investors and hedge funds.
The idea is to borrow the money to pay back Elliott, with a repayment scheme over a longer period of time for the new loan.