{"id":71131,"date":"2018-07-11T15:14:17","date_gmt":"2018-07-11T10:14:17","guid":{"rendered":"https:\/\/tns.world\/?p=71131"},"modified":"2018-07-11T15:14:17","modified_gmt":"2018-07-11T10:14:17","slug":"us-hedge-fund-elliot-announces-takeover-of-italian-giants-ac-milan","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=71131","title":{"rendered":"US hedge fund Elliot announces takeover of Italian giants AC Milan"},"content":{"rendered":"<p>Milan, July 11 (TNS): United States (US) hedge fund Elliott announced on Wednesday it had taken over the ownership of Italian giants AC Milan after the club&#8217;s Chinese owners failed to repay debt.<\/p>\n<p>Elliott Management pledged to inject 50 million euros to &#8220;stabilise the finances&#8221; of the seven-time European champions after Chinese owner Li Yonghong missed a Friday deadline to repay 32 million euros ($37.5 million).<\/p>\n<p>The last five years have been a real struggle for AC Milan, whether the Elliot regime brings the glory days back to AC Milan is yet to be seen.<\/p>\n<p>However, a shift of power may be a welcome sign for the Italian Club in the coming years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Milan, July 11 (TNS): United States (US) hedge fund Elliott announced on Wednesday it had taken over the ownership of Italian giants AC Milan after the club&#8217;s Chinese owners failed to repay debt. Elliott Management pledged to inject 50 million euros to &#8220;stabilise the finances&#8221; of the seven-time European champions after Chinese owner Li Yonghong [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-71131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/71131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71131"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/71131\/revisions"}],"predecessor-version":[{"id":71133,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/71131\/revisions\/71133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/71132"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}