Milan present Elliott guarantees

By Football Italia staff

Milan will reportedly present UEFA with a guarantee that Elliott Management will support the club if Yonghong Li is unable to.

The Chinese businessman took over the Rossoneri in April last year, but he had to borrow money from U.S hedge fund Elliott to complete the deal.

Milan applied for a voluntary agreement on Financial Fair Play but it was rejected by UEFA, in part due to doubts about Li.

The Diavolo are meeting with UEFA tomorrow, and Tuttosport reports that they’ll present guarantees from Elliott that the club will be supported if Li pulls out.

That could be help alleviate potential sanctions, as it would remove one of the main concerns the FFP body has.

Milan nonetheless risk a fine, as well as limits on spending and a reduced squad list for European competition.

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