AC Milan are the only top club to have no bond debts with banks – a huge indicator of the financial strength of Elliott Management.
According to MilanNews, the Rossoneri are essentially the only team among Italy’s elite who have not taken out big loans with banks during the COVID-19 crisis – a note of merit for the American ownership of Elliott Management Corporation.
Elliott continue to progressively endow the club with financial strength, an essential condition from the possibility to invest and return to high sporting levels.
To date, Milan has not issued bonds or traditional bank debt. Meanwhile Juventus, Inter and Roma have debts in this area of over €300million.
In modern football the imperative is to keep the balance sheets in order and the rules of Financial Fair Play cannot be avoided. The foundations are being built for a strong revolution, that is of course unless Bernard Arnault has a hand to play.