Milan executive director Han Li has arrived in Italy, with reports suggesting the next few days will be crucial for refinancing the debt to Elliott Management.
UEFA rejected the Rossoneri’s application for a voluntary agreement on Financial Fair Play, in part due to the €350m debt to the U.S hedge fund.
Milan executive director Han Li has arrived in Italy, with reports suggesting the next few days will be crucial for refinancing the debt to Elliott Management.
UEFA rejected the Rossoneri’s application for a voluntary agreement on Financial Fair Play, in part due to the €350m debt to the U.S hedge fund.
If the debt isn’t repaid, Elliott will take over the club and sell it to the highest bidder, so the Diavolo are attempting to refinance.
According to Sky Italia, Han Li has arrived in Milan today, and the next few days could be crucial for getting a new loan.
That has proved difficult, as there are doubts about new owner Yonghong Li.