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Elliott Management owns AC Milan after Li misses deadline

Seattle Times Wednesday, 11 July 2018 ()
Elliott Management owns AC Milan after Li misses deadlineMILAN (AP) — Elliott Management has promised to inject 50 million euros ($66 million) in capital after taking over Italian club AC Milan. It says former owner Li Yonghong missed Friday’s deadline to repay part of a loan worth more than 300 million euros from the U.S.-based hedge fund. Elliott says it has repossessed Li’s […]
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