Italian Giants Milan Confirm Repayment of Bonds After €180m Cash Injection From US Hedge Fund

Serie A outfit Milan have announced that the two bonds that were issued last year on the Vienna Stock Exchange have been repaid which leaves the club with no outstanding debts. Separate bonds of €73m and €50m were part of the hefty €303m loan that former owner Li Yonghong took out last year. The other €180m needed to be paid to Rossoneri Sport Lux, and that debt has since been cleared by U.S. hedge fund Elliott Management after taking control of the club during the summer. ​Milan confirmed in... Via All the latest breaking football news, transfer rumours, analysis, and match reports - 90min http://www.90min.com/