AC Milan owners Elliott Management will include a vendor loan for RedBird Capital as part of the deal to sell the club, a report claims.
As has been reported this morning by Il Sole 24 Ore, Elliott will include a loan for RedBird which will then be used by the American investment firm to partially fund the takeover of Milan.
The figure in question for this loan is rumoured to be around €600 million and should ensure that there are no cash flow issues for RedBird and Milan once their takeover of the club is officially formalised.
Given the work they have done at the club and the positive relationships they have with many elements of Milan, Elliott are going to remain as a minority shareholder at the club in the future.
They were very keen to make sure that the club is not leveraged with any unnecessary debt when a new company or individual takes over.