Reports in Italy claim Miami Dolphins owner Stephen M. Ross has asked for information about Milan’s situation.
The Rossoneri were taken over by Chinese businessman Yonghong Li last April, but he had to borrow over €300m from U.S hedge fund Elliott Management to complete the deal.
Holding company Rossoneri Sport Investment owes €180m, while the club itself has been saddled with €123m of debt.
If Li is unable to pay back the money by October Elliott can take over the club, so the owner is looking for a refinancing deal.
Reports in Italy claim Miami Dolphins owner Stephen M. Ross has asked for information about Milan’s situation.
The Rossoneri were taken over by Chinese businessman Yonghong Li last April, but he had to borrow over €300m from U.S hedge fund Elliott Management to complete the deal.
Holding company Rossoneri Sport Investment owes €180m, while the club itself has been saddled with €123m of debt.
If Li is unable to pay back the money by October Elliott can take over the club, so the owner is looking for a refinancing deal.
However, it appears increasingly uncertain that he’ll be able to achieve that, and today’s Corriere dello Sport reports that the hedge fund is already looking for owners.
The newspaper claims that property magnate Stephen M. Ross, who owns the Miami Dolphins in the NFL, has asked the fund for information about Milan.
Ross has shown an interest in football of the European variety for some time, and was one of the founders of the International Champions Cup.
According to Forbes, the 77-year-old has a net worth of around $12bn.
Corriere dello Sport points out, however, that Ross asking for information doesn’t necessarily mean he’ll launch a takeover bid.
Any potential takeover would be entirely dependent on Elliott taking over the club, and he wouldn’t be the only bidder.
Qatari investor Saeed Al-Falasi has also been linked with a takeover, as has Arsenal’s minority shareholder Alisher Usmanov, though his spokesman officially denied any interest in buying Milan.