According to Lille President Gerard Lopez, Elliott Management are looking to help his club grow but that they intend to sell AC Milan soon in order to make a profit.
The French club have been funded by a €140 million loan from the US hedge fund, who also control the Rossoneri after previous owner Yonghong Li defaulted on the repayments of a €300 million loan he used to buy the club from Silvio Berlusconi.
“[Elliott] funded AC Milan to be bought [by another party at a later stage],” Lopez told the Financial Times. “They didn’t fund this club to be bought, they funded this club to start a process of investing in players, creating value, selling some of the players, keeping others to grow the club.”
