Football and finance talks about the loan provided by Elliott RedBird to finance and purchase the AC Milan football club. Rossoneri Sport Investment Luxembourg, in its statutory financial statements as of June 30, 2023, highlights that “as of August 31, 2022, the Company entered into a loan agreement with ACM BIDCO BV in the amount of EUR 560,000,000.00. The loan carries interest. rate of 8% and expires three years after the closing date.” This is the vehicle through which Elliott provided financing to ACM Bidco, a company controlled by RedBird, to purchase AC Milan.
Source: Tutto Mercato Web
I am Ben Stock and I work in Athletistic as an author. My specialty is covering football news and other related topics. I have been writing for this website since the past 2 years, crafting compelling stories with the latest updates in the sports world. My articles have gained widespread appreciation amongst readers due to their accuracy and depth of research.
