The Rosoners took another loan at a high interest rate
Chinese AC Milan owners have withdrawn a new loan at a high interest rate of 14% two months ago, the Calcio e Finanzza financial site says. This is EUR 7 million, which was granted by Jin Bao Bao Holdings Limited, a Hong Kong company registered in the Cayman Islands. The money was used to raise the capital of the Rosoner.
Some time ago, Milan pulled a huge loan from the American hedge fund, Elliott Management, and if it did not return the money, it would become the property of the financial institution in question. In mid-September, club from buy football tips chief executive Marco Fasone said he was convinced that debts would be cleared by the spring of 2018 at the latest. However, everything depends on potential sales revenue, participation in the Champions League or Europa League. Currently, however, the team is only 11th in the Serie A rankings and the typhus have nothing to worry about.
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