Milan receive cash injection?

Milan have reportedly received a €11m cash injection to keep them going until the end of the season.

According to Corriere della Sera, the capital increase from Li Yonghong’s holding company was approved by Milan’s board on Thursday.

The Rossoneri have another €26m to repay by June 30 to offset their losses, and the newspaper notes Li is actively looking to refinance part of the club.

Milan have reportedly received a €11m cash injection to keep them going until the end of the season.

According to Corriere della Sera, the capital increase from Li Yonghong’s holding company was approved by Milan’s board on Thursday.

The Rossoneri have another €26m to repay by June 30 to offset their losses, and the newspaper notes Li is actively looking to refinance part of the club.

A €303m loan to hedge fund Elliott Management must be cleared by October, but the Chinese businessman would have so far resisted offers with ‘high interest rates’.

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