NEWS
Thursday March 15 2018
Arab offer for Milan?

It’s reported that a member Dubai's royal family is interested in buying Milan, amid doubts over Yonghong Li’s finances.

The Rossoneri were bought over by the Chinese businessman last April, but a loan from US hedge fund Elliot Management was required to get the deal over the line.

If that money isn’t repaid the fund can take over the club, so the Diavolo are seeking to refinance that debt with another lender.

Today though the Gazzetta dello Sport is reporting that there is interest in taking over the club, not least from Saeed Al-Falasi.

The businessman is the owner of the International Triangle group, and is a part of the Al Maktoum family which rules Dubai.

Meanwhile, the newspaper also reports that UEFA could grant Milan an extension on the deadline for their settlement agreement with Financial Fair Play.

The Rossoneri are due to meet with European football’s governing body on April 20 after their voluntary agreement was rejected.

If Li hasn’t managed to refinance the debt to Elliot by then, in theory the Diavolo would have to be excluded from European competition, but UEFA has no desire to do that so could give an extension until the beginning of June.

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