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As reported by today’s edition of La Gazzetta Dello Sport, Yonghong Li received a letter sent by the minority shareholders of AC Milan.

In this letter, the shareholders issued an ultimatum to Yonghong Li, demanding that the situation with Elliott has to be resolved within a short period of time. 

“The uncertainty about the refinancing of the debt to Elliott is a situation that has to be resolved within a very short time. Otherwise, a crisis will occur in regards to improving incomes.

“Unfortunately, the time is up, Mr President. If your holding company is able to immediately refinance the loan granted to you by the Elliott fund and to deny UEFA, we expect statements and consequent acts. If this possibility is lacking, there is no other way than for you to step aside.”

READ MORE: Badelj not a priority for AC Milan; the Rossoneri have other targets

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