Former Italian President, Silvio Berlusconi, warned of ‘serious financial problems’ still present at AC Milan after selling the club back in April.
AC Milan had a net spend of £146m in last summer’s transfer window, bringing in the likes of Leonardo Bonucci, André Silva and Hakan Çalhanou011flu.
Although Berlusconi sold the club to Chinese businessman, Yonghong Li, the purchase of the club was funded by Elliot Management, a US hedge fund. It is understood that Elliot Management will take control of the club should the loan not be repaid.