AC Milan president set to miss Arsenal match
- Jordan Russell (@JordRuss96)
Mr. Li watched the team train at Milanello, while CEO Marco Fassone has updated him on the latest developments concerning the refinancing plan for their debts owed to the Elliot fund. Paying them off before the October deadline remains their number one priority.
Meanwhile, a mandate has been given to Merrill Lynch to look for new investors who can help put the club on a more solid financial footing. According to Corriere della Sera, the investment bank will not only deal with debt incurred by the club, but also that of the owner’s holding company. The plan is to separate the debt by finding around a dozen investors rather than a single fund.
The Rossoneri hope to have everything signed, sealed and delivered before UEFA come calling about reaching a settlement agreement, which is likely to be at the end of March or the beginning of April.