A big capital injection is coming for the leader of the Italian football championship.
Milan, currently the first-placed team in Serie A, received a payment of 130 million euros!
The American investment fund “Eliot” paid money to the club of which they are the owners, due to the accumulated losses due to the coronary virus pandemic.
In the last two seasons, the club lost about 290 million euros due to the pandemic. According to the Italian media, this payment will be made through “Rossoneri Sport Investment”, which was founded in Luxembourg.
The fund, backed by Paul Singer, took over the management of Milan three years ago for 172,000,000 euros, with the obligation to repay the outstanding debts.
Since then, about 830 million euros gross have been invested in Milan.
