Milan financing agreement could lead to big shake-up behind the scenes
There are multiple reports of a big shake-up behind the scenes at Milan, with RedBird using Convest to buy out Elliott, removing figures including Giorgio Furlani.
The club has RedBird as the majority shareholders, but part of their purchase was thanks to a vendor loan from Elliott Management.
They are the company that took over by effectively repossessing the club in 2018 when previous owner Yonghong Li failed to keep up loan repayments for the money he used to buy the Rossoneri from Silvio Berlusconi.
ITALY – SEPTEMBER 03: Gerry Cardinale of AC Milan looks on before the Serie A match between AC Milan and FC Internazionale at Stadio Giuseppe Meazza on September 03, 2022 in Italy. (Photo by Marco Luzzani/Getty Images)
According to various sources including Calcio e Finanza,…
