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Rossoneri Sport Investment

AC Milan's midfielder Giacomo Bonaventura (C) celebrates after scoring during the Italian Serie A football match Inter Milan Vs AC Milan on October 15, 2017 at the 'San Siro Stadium' in Milan. - AFP PHOTO - MARCO BERTORELLO

US hedge fund Elliott announces takeover of AC Milan

US hedge fund Elliott announced it has taken over Italian giants AC Milan after the club's Chinese owners failed to repay debt, saying the deal opened "a new chapter" for the football institution.
AC Milan were purchased by an ownership group led by investor Li Yonghong in April 2017

Report: AC Milan may change hands as owner fails to make repayment

Indebted AC Milan owner Li Yonghong has failed to repay U.S. fund Elliott for covering an investment, paving the way for legal action that could see the company become the new owner of the Italian club, Reuters reported, citing a source familiar with the matter.

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