Milan CEO Marco Fassone assures there’s no liquidity problem at the club, after a change in the structure of a bond loan.
The Rossoneri are holding a shareholders’ meeting today, and the first item on the agenda was moving the payment of “no more than €15m” of a bond to June 30 2019.
Shareholder Giuseppe Gatti asked if that was due to a cashflow problem within the club, essentially wondering if they didn’t have the money to meet previous commitments.
Milan CEO Marco Fassone assures there’s no liquidity problem at the club, after a change in the structure of a bond loan.
The Rossoneri are holding a shareholders’ meeting today, and the first item on the agenda was moving the payment of “no more than €15m” of a bond to June 30 2019.
Shareholder Giuseppe Gatti asked if that was due to a cashflow problem within the club, essentially wondering if they didn’t have the money to meet previous commitments.
“We postponed a piece of the €54m bond issued in Vienna in 2017, but it has nothing to do with liquidity,” Fassone assured.
“We simply did it because by moving €15m to June 30 2019 we’re adhering to the liquidity parameters of the Federation.”