Milan will reportedly let the deadline with Highbridge expire and wait for other offers to refinance the €303m debt to Elliott Management.
The club has given BgB Weston an exclusive for another three days to find investors willing to refinance the loan from the US vulture fund.
Highbridge are the option they came up with, but news agency ANSA claim this evening that Milan are not convinced it’s the best deal they can get.
Therefore, the deadline will be allowed to expire after eight weeks and the club seek different investors, specifically in Saudi Arabia.
Owner Yonghong Li must pay back the loan to Elliott Management by October 2018, but UEFA want the financing sorted by April.