Reuters claim Rocco Commisso is offering €500m to buy Milan, but this would leave Yonghong Li with a €300m loss, as it includes debt.

The Chinese businessman bought the club from Silvio Berlusconi in April 2017 for €740m, including their €190m debt, and was only able to complete the takeover thanks to a €303m loan from US hedge fund Elliott Management.

That loan is due to be repaid in full with €77m interest in October 2018.

Reuters claim Rocco Commisso is offering €500m to buy Milan, but this would leave Yonghong Li with a €300m loss, as it includes debt.

The Chinese businessman bought the club from Silvio Berlusconi in April 2017 for €740m, including their €190m debt, and was only able to complete the takeover thanks to a €303m loan from US hedge fund Elliott Management.

That loan is due to be repaid in full with €77m interest in October 2018.

Before that, Li has to repay a €32m loan by July 6, as Elliott Management stepped in to cover the increase in capital when the President missed the deadline last week.

Sources close to Commisso told Reuters that he is trying to buy 70 per cent of Milan, so would leave 30 per cent with Yonghong Li.

“The team and its owner have a total accumulated debt of €308m towards Elliott which lent €180m euros to Li and €128m to AC Milan to fund the acquisition of players and repay part of the club’s debt with banks,” read the Reuters report.

“As part of the proposed deal, Commisso would take on all of the debt and would invest a further €150m for the acquisition of new players and to run the club.

“The other source added that Commisso would reimburse the 32 million euros owed by Li to Elliott.

“The deal would leave a share of 30 percent worth some €150m in the hands of Li, who would have by then accumulated a theoretical loss of €300m, according to Reuters calculations based on the sources’ figures.”

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