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Hedge Fund Manager Elliott Takes Control Of Ac Milan

by fnlondon.com posted 3months ago 35 views
American billionaire Paul Singer’s Elliott Management has promised an initial €50m cash injection into Italian football team AC Milan, providing a much-needed lifeline to the storied team that is fighting a sanction that would keep it out of the Europa League this season. AC Milan’s new owner said on Tuesday that the equity capital — and promises for more down the road — should stabilise the seven-time European champion financially.

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