AC Milan president Yonghong Li is seeking an investor to help refinance his debt to Elliott Management, a report claims.
Mediaset Premium claims that Li has agreed to accept investment from outside the company in order to help with the Rossoneri’s struggles.
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The Chinese businessman returned to Hong Kong on Sunday after spending time in Italy, during which he discussed how to refinance the €303m (plus interest) debt to US hedge fund Elliott Management.
The investment would be for the holding company Rossoneri Luxembourg, which owns €180m of the €303m debt.
The report goes on to claim that Li found an investor, but any agreement would not affect UEFA’s next verdict, which is due in around a fortnight.
Yonghong is expected to deposit the remaining €10m for the capital increase, with another €30m due by June 15.
