Original Title: Familiar?Red Bird acquires Milan with Elliott loan for 200-300 million euros
On June 1, Beijing time, AC Milan, which had just won the Serie A championship, announced that it had changed hands, and the American Red Bird Capital officially acquired the Serie A giant from the Elliott hedge fund. According to Milan officials, the deal valued the club at 1.2 billion euros.
However, according to the Italian media “Calcio e Finanza”, in the acquisition of Milan’s funds, Red Bird Capital will not get a loan from the bank, but from Elliott. It is reported that the loan amount is 200 to 300 million euros. “Calcio e Finanza” pointed out that this is more like some benefits given by Elliott to Red Bird Capital, so that Red Bird Capital can defer payment for Milan’s acquisition.
“Calcio e Finanza” also stated that the interest rate on this loan is between 6% and 7%, and that such operations are not uncommon in the financial world. And if Redbird Capital sells Milan for more than 1.2 billion euros in the future, Elliott can also get a commission from it.
However, this situation can not help reminiscent of the original brother Li, the former owner of Milan Li Yonghong, just because he made a loan to Elliott, and then handed over the ownership of the club because he could not repay it.
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