UEFA’s ‘no’ to a settlement agreement for Milan was a huge blow for the club, as they didn’t expect this decision after all the necessary documentation they submitted.
Instead, Milan will receive a decision from the CFCB in mid-June, hoping that the penalty won’t exclude them from the Europa league.
According to Corriere Della Sera, the club can’t do much right now, as Yonghong Li is the one who must act, accelerating the refinancing of the loan from the Elliott fund. The president have already received several offers, but for now, he hasn’t accepted any of them as he hopes to receive other offers with more favorable conditions.
Yonghong Li has also rejected several offers of investors interested in joining the club as minority shareholders, as their offers were deemed to low.
The situation could force Yonghong Li to take a decision, as it’s clear that UEFA’s only issue with AC Milan is the ownership.