AC Milan looking to secure extra finance from Merrill Lynch
- Jordan Russell (@JordRuss96)
Meanwhile, things are continuing to heat up off the pitch too, with talks ongoing between the Rossoneri and Elliot over the refinancing of the club’s debt. They are working with Merrill Lynch over a €250 million package to help settle their debt with the American hedge fund (double the current €123 million, as Tuttosport point out).
Merrill Lynch are also looking to find more investors in order to cover the debt in full. CEO Marco Fassone wants the debt paid back to Elliot six months in advance of the October deadline. Ideally, he would like everything to be concluded in April.