According to reports in Italy, Elliott Management – who own Milan – will help finance Nick Candy’s bid to purchase Chelsea, but there won’t be a conflict of interest.
Chelsea have been put up for sale by Roman Abramovich after he was hit by UK sanctions against Russian oligarchs as a result of the invasion of Ukraine.
The assets have been frozen, meaning the club cannot even sell tickets or merchandise for the rest of the season.
Candy is the favourite to win the bidding war, with Sky News and Calcio e Finanza reporting that Elliott Management will help finance the proposal.
Elliott are a hedge fund based in the United States and have been in charge of Milan since 2018, when essentially repossessing the club because previous owner Yonghong Li failed to keep up loan repayments to them.
There would be no conflict of interest if the bid were to be successful, because Elliott would purely be financing the move, not purchasing shares for themselves, or at least not enough shares to raise an issue with UEFA.
It is nonetheless possible the two clubs could do transfer deals and have something of a preferential route on the market.
Affare Elliott-Chelsea, secondo quanto appreso da Calcio e Finanza il fondo sta valutando la possibilità di affiancare l’offerta di Candy con un finanziamento https://t.co/PZXZCnJoAk pic.twitter.com/u6trqPluHk
— Calcio e Finanza (@CalcioFinanza) March 23, 2022
Hmmm I could smell some sweet deals for Milan like happened with Lille. Maybe take Ziyech or Pulisic from them, or how about Tomori’s friend Mason Mount?
It’s sure nice to dream.
That is why FI loves you as you will click on anything. Once a clown always a clown.
The desperate screams for attention of an un loved child, if your going to be a keyboard warrior at least have the balls to use your own name, when you use the name of another person you are hiding behind them, guess that makes you a keyboard coward huh rosario? I don’t insult true Milan fans like you @Milan Fan only the plastic fake ones like @Rosario
@ 1MIKEJ
Don’t worry man, he’s been using your name for some time now under some articles trying to seek my attention. Yes I know, he’s THAT pathetic! He must think I’m as stupid as he is LMAO Obviously I knew from the first comment and ignored him like usual, but he’s just aching for some insults to come his way. He wants some badly, but for now I’m not gonna give it to him. I don’t have time for him. He has to work for it some more. He has to earn it.
I know it’s a spineless act to steal another person’s handle but apparently he’s a child on top of a troll. Try to ignore him.
@STAN really a closet Juventus fan, no need to go and cry to Mikey J lol as it has already triggered you. That is why you wrote a long love story. No worries now go and support Juventus as it is your real team.