Milan have announced the refinancing of Elliot's loan: the words of Rossoneri president Paolo Scaroni
These are complex weeks for the Milan, who is going through a delicate moment of your season. The Rossoneri have in fact won only one of their last five matches in Serie A, drawing three and losing one.
However, precisely in the moment of greatest crisis, the Rossoneri club wanted to send a clear message of stability to all fansdeciding to refinance Elliot's loan and extend it until 2028highlighting Cardinale as the club's owner.
Here is the statement from the Rossoneri club: “AC Milan informed today that a refinancing of the Vendor Loan held by vehicles managed by Elliott Advisors UK Limited (“Elliott”)”.
“The refinancing with Elliott, in its position exclusively as a lender, includes an additional investment of €170 million by AC Milan's owners, RedBird Capital (“RedBird”), which reduces the principal amount of the loan to €489 million, with expires now set for July 2028“, Milan concluded.
Milan, Elliot loan refinanced: Scaroni's words
The president of Milan Paolo Scaroni commented on the refinancing with the following words: “Over the last few years, AC Milan's financial position has constantly grown and strengthened under the leadership of RedBirdan owner with long-term commitment.”
“Significant work has been done to ensure the stability of our iconic clubposition it for sustainable operational success and nurture the Rossoneri's legacy, tradition and values.”concluded the Rossoneri president.
Milan's moment
After the first 16 days of Serie A, Milan are at the top 23 points15th in the standings -12 behind Atalanta. The Rossoneri However, they have to make up a game and could therefore see the distance from first place decrease slightly.
Fonseca's team has this far marked 24 rarely in the league (sixth best attack in Serie A) and has conceded 18 goals (fifth best defense).
