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Why Elliott’s turnaround of AC Milan is a blueprint deal for PE bosses piling into football
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It was a deal they never set out to do. But when executives at US investment firm Elliott Advisors found themselves suddenly owning one of Europe’s greatest football clubs, they ended up striking gold.
Five years ago, struggling under a vast pile of debt and facing its sixth year without any major trophies, Italian football club AC Milan was in the midst of a financial storm.
A...
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