AC Milan, Fassone: ‘No liquidity problem’
- Jordan Russell (@JordRuss96)
The Rossoneri are holding a shareholders’ meeting today, at which Calciomercato.com journalist Daniele Longo is present. The first item on the agenda was moving the payment of “no more than €15 million” of a bond to June 30th 2019.
Shareholder Giuseppe Gatti asked if that decision was taken due to a cash flow problem within the club, while it was clear that he was wondering if they simply didn’t have the money to meet previous commitments.
Fassone replied: “We postponed a piece of the €54 million bond issued in Vienna in 2017, but it has nothing to do with liquidity. We simply did it because, by moving €15 million to June 30th 2019, we’re adhering to the liquidity parameters set by the federation.”