AC Milan have been offered additional financial support by U.S. private equity fund Elliott, according to reports.
The club's current owner Li Yonghong has been pumping money into the club, however received addition funding by Elliott in order to complete the purchase of the club. The same company then later also lent Milan €128m in order to help fund transfer fees, and repay bank debts the club found themselves in.
Now according to an unnamed source (via Reuters), Elliott's latest support appears to be aimed at preserving the club's value.
The value of Milan as a club has dropped dramatically in recent years.