The AC Milan logo is pictured on a pennant in a soccer store in downtown Milan, Italy April 29, 2015. REUTERS/Stefano Rellandini/File Photo
MILAN (Reuters) - U.S. private equity fund Elliott is helping a struggling Chinese consortium buy Italian storied football club AC Milan with a 253 million euro (218.61 million pounds) investment, lawyers representing Elliott said on Monday.
In a statement, the lawyers said Elliott would provide 180 million euros to complete the acquisition, and another 73 million euros to help the club face short-term payments.
