Elliott Management owns AC Milan after Li misses deadline

Credit: Seattle Times- Published on July 11, 2018
MILAN (AP) — Elliott Management has promised to inject 50 million euros ($66 million) in capital after taking over Italian club AC Milan. It says former owner Li Yonghong missed Friday’s deadline to repay part of a loan worth more than 300 million euros from the U.S.-based hedge fund. Elliott says it has repossessed Li’s...

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