President of the "Rosso-Neri" Yonhon Lee was unable to turn the deal with the help of crypto currency.
Last summer, the Chinese-led consortium borrowed a loan from Elliott Management for about 180 million euros in order to complete the purchase of Milan.
This amount should be returned to Yonhon until October 2018, otherwise serious consequences can be expected even to the extent that Milan can become Elliott Management.
According to the newspaper La Repubblica, Lee tried to use his investments in the crypto currency and offered to pay off part of the debts with bitcoins, but Elliott refused to accept this type of payment.
Earlier it was reported that the Russian billionaire Alisher Usmanov wants to become the owner of Milan.