Repubblica: Elliott expected to find agreement with Yonghong Li and close dispute

By Oliver Fisher -

Elliott Management are expected to find a solution with Yonghong Li amid the ongoing dispute over the sale of the club by the American fund to RedBird Capital last year, a report claims.

According to La Repubblica (via PianetaMilan), the matter should be closed once and for all with an agreement between the parties. Elliott took control of the club in July 2018 when Yonghong Li – who had purchased the club from Fininvest (Silvio Berlusconi’s group) but missed an instalment as part of the repayment of a loan from Elliott.

However, the Chinese entrepreneur has always remained convinced that he should get back €364m after the sale, which is the amount he requested and obtained via temporary seizure in Luxembourg.

Now comes the news of an imminent agreement, with mutual satisfaction and the closure – once and for all – of a saga that threatened to drag on for many more months or even years.

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