In a short time AC Milan managers will meet UEFA to discuss the Settlement Agreement that is expected to define the future of the club but the Rossoneri are well prepared.
After the anxiety of the 10 million capital increase (president Yonghong Li paid his dues yesterday) AC Milan are now thinking about the upcoming UEFA meeting to discuss the Settlement Agreement. The Rossoneri leaders, reports La Gazzetta dello Sport, are confident about the outcome of the meeting scheduled for mid-April.
THE PLAN – CEO Marco Fassone will present a detailed plan to UEFA and there are good reasons to hope for a not too strict verdict (and consequently not too severe penalties). For example, the good financial data of past six-monthly report or the fact that Elliott has been offered as a guarantee in case of Yongong Li’s default are a big plus for the Rossoneri. But not only, among the new arguments there is also the considerable growth of stadium revenues and TV rights and the conquest of the Italian Cup final.
REFINANCING – From the Settlement Agreement to the debt refinancing with Elliott, another open issue in Casa Milan. It was not necessary to contact the American fund for an additional loan but the 303 million granted for the purchase of Milan are still to be paid back. Mister Li, after rejecting a couple of refinancing proposals because of the tight deadlines and excessively high rates awaits more attractive conditions to greenlight the refinancing operation.