Apparently Banco BPM has rejected Milan’s guarantees to access financial bonds. It means that Leonardo Bonucci aswell as Lucas Biglia can’t be registered.
The Milan CEO Marco Fassone has said that the requisite bonds would be deposited on the 11th of august, but Calcio e Finanza claims that the club has some problems with accessing the funds.
It is reported that they approached Banco BPM, but the bank refused to issue any guarantees.
The problem for the rossoneri and their owners is that almost all of their assets are collateral for the loan granted by US hedge fund Elliott Management, which effectively financed the takeover.
The Italian Footallfederation states that any guarantees must come from a company holding an A3 rating with Moody’s, an A- with Standard & Poor’s or a Good rating with Agenzia A.M; or an equivalent rating from other global agencies.
In addition, bonds for transfers completed by July 31 must be deposited by August 11.
Failing to deposit the bonds would not mean Bonucci and Biglia will return to their previous clubs, but they can’t play until the problem is solved.[DOUBLEPOST=1501777363][/DOUBLEPOST]Roma are reportedly ready to make a substantial offer to sign Juan Cuadrado from Juventus.
Sporting director Monchi has been stated as saying the right wing position is a major need for his side. Riyad Mahrez was thought to be the main contender for the position but negotiations have stalled.
According to Leggo, Roma could turn to Juventus who are ready to potentially make Cuadrado available.
The arrivals of Douglas Costa and Federico Bernardeschi will certainly cut into Cuadrado’s playing time this season. If he were to be sold, Juventus would accept an offer of €30m.
