Paolo Maldini has reportedly been offered a role at Milan, as Elliott Management moves to take over from Yonghong Li.
The Chinese owner missed a deadline to repay €32m provided by the American fund for a capital increase, with the club and owner owing a further €303m.
As a result the hedge fund has begun the process of taking over the club, reports Corriere della Sera, starting by replacing the directors of the holding company.
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