AC Milan: why Fassone was in London yesterday
- Jordan Russell (@JordRuss96)
Merrill Lynch have the mandate to find a new investor to replace Elliot, who would become the sole creditor of Milan and Yonghong Li himself. Fassone aims to find someone willing to enter into an agreement which includes lower interest rates and more time to repay the debt.
That is of course proving to be difficult, though Fassone and his colleagues recognise there is a need to speed up the process given that they must look to comply with UEFA’s Financial Fair Play regulations, or prove that they have a solid plan in place with a view to doing so in the next few years.