Reports: Elliott set to take over AC Milan within next seven days

By Madison Derian-Toth -

Per La Stampa, Elliott Management will take over Milan within the next 7 days.

The American hedge fund, Elliott, has the right to take full control of AC Milan as the €32m payment remains missing from Yonghong Li.

According to La Stampa, their first action will be to invest €150m in the club, which will cover general costs and the transfer market. 

Once everything has settled, the next step will be the sale of the club. As of late, Commisso seemed to be in the lead to buy the club, followed by the Rickets Family. This has now changed, as the latter are now in pole position to buy the club, dealing directly with Elliott. 

ANSA are also reporting that Elliott are now ready to take over the club, thus leaving Yonghong Li with nothing. 

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