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AC Milan officially taken over by Elliott Advisors (UK) Limited

Elliott Advisors (UK) Limited have officially taken control of AC Milan after Li Yonghong's Rossoneri Lux company defaulted on its debt repayment obligations. The asset management group confirmed the ownership change in a statement on Tuesday, which explained how they have also injected €50 million of equity capital into the Italian club to "stabilise the club's finances." "Ownership and control of the holding company that owns AC Milan has today been transferred to funds advised by Elliott......

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Published By: ESPN FC - Tuesday, 10 July







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