It's extra time.

She shoots and it's a girl.

Hello and welcome back to Sunday Vives Extra Time.

Joe Tomlinson is not with us this week.

He's in Milan for reasons passing understanding,

so Chris Hamill and I will be flying solo discussing all things Milan on anything but click-bait.

Then later on I'll be kicking something I hate out of football in Rose Ed.

So as usual we start off with anything but perfect.

Today we're talking about AC Milan.

We're going to have a little look at the finances, the context of the team in

recent seasons, and delve into who could take over at the club and what they'd

find if they did. But we're going to start off with a little bit of information on the

financial situation at Milan because in the last couple of years it's been

tumultuous to say the least. A Chinese businessman called Lee

Yong Hong acquired A.C. Milan in 2017 from Sylvia Bell-Laskoni who obviously

had owned it for a long time. He paid 740 million euros. Now the thing is he actually took two attempts to take control of it and he

ended up having to borrow capital from an American Equity Fund called Elliot. They provided him

with a loan of about 303 million euros. Now this loan was absolutely

mental. He had to repay it by October this year. It had an interest rate of 11.5% which is bananas for a loan of that size and they

actually defaulted on it back in July. Nice. All the way back back in July

couldn't make the payment so Lee failed to repay 32 million

which he had to provide by a certain deadline and Elliot have now taken control of

...