Mediaset: Yonghong Li opens up to outside investment; potential investor found

By Oliver Fisher -

AC Milan president Yonghong Li is seeking an investor to help refinance his debt to Elliott Management, a report claims.

Mediaset Premium claims that Li has agreed to accept investment from outside the company in order to help with the Rossoneri’s struggles.

The Chinese businessman returned to Hong Kong on Sunday after spending time in Italy, during which he discussed how to refinance the €303m (plus interest) debt to US hedge fund Elliott Management.

The investment would be for the holding company Rossoneri Luxembourg, which owns €180m of the €303m debt.

The report goes on to claim that Li found an investor, but any agreement would not affect UEFA’s next verdict, which is due in around a fortnight.

Yonghong is expected to deposit the remaining €10m for the capital increase, with another €30m due by June 15.

READ MORE: Rating all 11 of AC Milan’s 2017 summer signings

Tags AC Milan Italy Milan News Notification Rossoneri Serie A Yonghong Li
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