No Berlusconi no galianni no Mister x anymore I hope
Montella seems confident of a renewal. That's good to know.
Paolo Berlusconi interview, he says after Silvio had heart surgery the family understood the sale will eventually have to happen, it would be very hard but it would have to. They hoped for Milanese or Italian ownership but no one else came with an offer.
http://www.football-italia.net/101728/mi...C123m-bond
Reports suggest Milan will issue a €123m bond, underwritten by the US hedge fund which bankrolled the takeover of the club.
Now financial website il Sole 24 Ore reveals that a €123m bond will be issued by the club in Vienna, underwritten by Elliott.
Of that figure, €73m will go toward repaying Italian debts to Italian banks including BancoBpm, Intesa Sanpaolo, Unicredit, Cariparma and others.
The remaining €50m will be put toward the summer transfer market.
Avaiting for arrival of exorcist into our boardroom.
Hedge funds are serious but dangerous. This big an involvement won't be done blindly, so there must be something Yonghong Li has showed them but at the same time it's dangerous to depend on a fund like that.
It just sounds like they are refinancing the long term debts with other debt (bonds) which will probably carry a lot smaller interest. It's something that happens all the time...