The financial condition of the club AC Milan increasingly chaotic after the new owner, Yonghong Li, threatened can not return the loan to Elliott Management in October.
Daily La Repubblica also reported that Yonghong Li tried to refinance the club with Bitcoin payment service. However, Yonghong Li mentioned failed when selecting the bitcoin option.
Bitcoin itself is a new model of virtual currency system that is connected worldwide with no central bank or administrator. However, high transaction failure rates and rising costs make payments using Bitcoin declining in popularity lately.
Milan director Marco Fassone and Senior Executive Li Han began to look for new financing solutions to their debts. Milan is currently seeking the help of the world renowned financial advisor, Merrill Lynch. Fassone and Li Han are said to be in London to meet 10 potential investors.
