NEWS
Thursday March 22 2018
Usmanov interested in Milan

Russian billionaire Alisher Usmanov is reportedly interested in buying Milan, thanks to his relationship with Paul Singer of Elliott Management, but denied this link.

The Rossoneri are currently owned by Chinese businessman Yonghong Li, but numerous publications have expressed doubt about his finances.

Between them, the club and Li’s holding company Rossoneri Sport owe U.S hedge fund Elliott Management a total of €303m.

If that’s not repaid by October the fund can take over the club, but it’s nonetheless expected they’ll provide another €35-40m to keep the club running smoothly until the end of the season.

Now Libero is reporting that Usmanov is keen to step in should Li be forced to give up the club.

However, Usmanov's spokesperson contacted us to confirm he was not preparing a swoop.

“Mr. Usmanov receives many proposals to purchase football clubs, some of which are considered seriously and others which are not.

“Mr. Usmanov has not received any proposals to acquire AC Milan.”

The Russian is also thinking of buying Spanish side Sevilla, according to Calciomercato.com.