Goldman Sachs to intervene in AC Milan’s debt restructuring

Berlusconi Li Milan Twitter
15 October at 10:38
Sino-Europe are going to complete AC Milan’s takeover by the 15th of November and new CEO Marco Fassone will be flying to China where he will meet owners and new potential sponsors for the new club’s course.

According to Sole 24 Ore, however, new owners are not going to intervene in the club’s € 220 million debt, but American investment banking will do it instead.

Goldman Sachs will reportedly manage the shareholding reorganization of Milan. The US bank has been appointed by the head of the Chinese delegation, Li Yonghong, to find bank credit lines to refinance about 220 million of the debt currently in Milan mostly to Italian banks.

An operation similar to that made by Erick Thohir once acquired Massimo Moratti’s Inter. It is no coincidence, in fact, that just Goldman Sachs was the same bank that financed the whole operation Thohir thanks to strong relationships that the American group in Asia.

The many Chinese banks that were cited in recent months, from Citic to China Construction Bank, do not intervene directly on the debt but, on the contrary, will be used for other lines of funding related to other operations like, for example, the transfer market.
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