Italian newspaper La Repubblica, spoke in detail about the attempts of the owner of FC Milan If the Rossoneri Unhone to refinance using the cryptocurrency.
The newspaper harshly criticized the activities of the Chinese businessman, who reportedly is struggling to repay the loan from us hedge Fund Elliott. One of the attempts of Mr. Lee to keep the club in his hands was a proposal to pay the missing 10 000 000 in bitcoins, with the help of specialized agencies to refinance. However, according to La Repubblica, the attempt was rejected. The main reasons for this decision were the short time and insufficient financial guarantees.
The General Director of Milan Marco Fassone, and one of the club leaders Li Li Han at the moment are in London, where talks with the investment Bank Merrill Lynch, in order to obtain money to the end of the month to meet the requirements of hedge Fund Elliott Management.
Officials of UEFA are watching with interest the attempts of Milan to maintain the financial viability until the end of the month to have the opportunity to participate in the Italian League next season. The governing body of European football will meet again on April 19-20 to examine the latest situation around the Rossoneri.
Perhaps the club should go the way of another famous footballer — Michael Owen, to launch their own Token Celebrity. Who knows, maybe this would attract investment flows, and the Rossoneri would be spared from the next sale.