- Dec 27, 2014
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It's still AC Milan though, one of the worlds biggest clubs.
There will always be someone else ready to take over, with or without the debt. The same thing almost happened to Liverpool under Hicks and Gillett, yet there was a lot of interest in the club, and they ended up with FSG.
The worlds biggest clubs will always survive, as there will always be interested buyers. The new owners might not be sugardaddies, but it's unfeasible to think that one of the worlds biggest clubs will cease to exist, alone due to financial reasons.
Depends largely what this vulture fund end up doing with the club I suppose. The rumored agreement is that if the Chinese default on the loan (which is looking almost certain), then the equity fund that loaned them the money will take over the club and all it's assets. Only way I can see them surviving is if another Arab billionaire decides to come in and buy them off Elliot. I don't think that's particularly likely.