Elliott investment fund is serious in its plan to revive AC Milan football club as they have already shown it by spending money to improve the team and inserting a strategy that would help clear the club's financial health.
The American hedge fund owned by Paul Singer has invested so far an amount of 705.65 million euros, that is the net sum.
As for the gross amount, then it is 833.65 million euros. These numbers are shared by Calcio e Finanza who also added that Rossoneri Sport Investment , a Luxembourg company that controls 99.93% of AC Milan, has announced the commercial results as at 30 June 2020. The holding closed the year with a loss of 291 million euros. For the record, last year it was at 348 million euros.
