Elliott Management are reportedly planning a takeover of Milan with International Champions Cup chief Charlie Stillitano, according to La Repubblica.
Yonghong Li completed his takeover a year ago, but this week former President Silvio Berlusconi stated at a political rally that “the way things are going, I’ll end up buying Milan back.”
Now La Repubblica newspaper suggests there are other plans afoot if Yonghong Li cannot pay back the massive €300m plus interest loans to US hedge fund Elliott Management by October.
Their hierarchy are reportedly in talks with various American investors to prepare a takeover of Milan, including Stillitano’s Relevant Sports.
He is best known in Italy for founding the International Champions Cup, a summer friendly tournament that takes European clubs around America, Canada, Europe and Asia.
Stillitano is friends with Roma President James Pallotta and said to be a Milan supporter.