Rybolovlev is negotiating the purchase of a football club

Italian media called Dmitry Rybolovlev one of the contenders for the football club Milan. But more chances to become the owner of the club from the American hedge fund Elliot Management, issued last year a loan for the purchase of "Milan" from the family of Silvio Berlusconi.
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Former co-owner of Uralkali Dmitry Rybolovlev participates in negotiations on the purchase of the Milan football club, the Italian sports edition Calciomercato reported, citing unnamed sources. On the interest of Rybolovlev, who already owns the club "Monaco", to the financial difficulties "Milan" Italian media wrote back in March. At the same time among the possible contenders for "Milan" was named Alisher Usmanov F ​​10, already owning the shares of English "Arsenal", American billionaire Stephen Ross and Saudi businessman Said Al-Falasi. Usmanov's representatives later claimed that the billionaire had not received an offer to buy Milan.

"Many are interested," Forbes told about the purchase of Milan, a person familiar with the situation around the club. "It's a brand and potential." But potential buyers are not satisfied with the conditions and price.
Today, "Milan" belongs to the consortium Rossoneri Sport Investment Lux, which is headed by Chinese businessman Li Yonghong. In April 2017, he acquired 99.93% stake in the club from the company Fininvest, owned by the family of former Prime Minister of Italy Silvio Berlusconi.

"To compete at the highest level, the club needs investments and resources that only one family can not provide," explained then the decision to sell Milan Berlusconi. Yonghong paid for the club € 740 million, of which € 220 million went to pay off the debts of the club.

Under the leadership of the new shareholder (Lee Yonghong became president of the club), Milan spent an impressive € 220 million on transferring new players. The transparency of these deals raised doubts in UEFA, which last month for two years suspended Milan from participating in European competition for non-compliance with the financial fair play and imposed a fine of € 30 million on the club. Earlier financial troubles also began for the shareholders of Milan. To purchase shares of the club Rossoneri Sport Investment Lux took a loan of € 380 million from the American hedge fund Elliot Management. The loan must be returned in October this year, but on July 6 Rossoneri Sport Investment Lux could not pay the fund another tranche of € 32 million. Now Elliot Management has the opportunity to buy the club for only € 412 million and then resell it at a higher price, writes the Italian edition of Football Italia.

According to the publication, Elliot Management can prevent the purchase of "Milan" Rybolovlev. For similar reasons, a deal between Rossoneri Sport Investment Lux and the American company Meliacom could be broken earlier, which was ready to pay for the club € 500 million without taking into account the debt to Elliott. However, the owner of Meliacom Rocco Comissa recently said that he continues to negotiate the purchase of the club.