Home » MN: Elliott refuses to hand Yonghong Li 48-hour extension
Head of Rossoneri Sport Investment Lux, Chinese businessman and new owner of the AC Milan football club, Yonghong Li (C) and Rossoneri Sport Investment Lux representative David Han Li (R) arrive for a press conference on April 14, 2017 in Milan. Serie A giants AC Milan were sold to Rossoneri Sport Investment Lux yesterday in a deal which sees the Chinese-led consortium take a 99.9% stake in the club. The seven-time European champions who are Italy's most succcessful club in international competition, have been owned by former three-time Italy prime minister Silvio Berlusconi since 1986. A joint statement by AC Milan's holding company Fininvest and Rossoneri Sport Investment Lux said on April 13, 2017 :

MN: Elliott refuses to hand Yonghong Li 48-hour extension

Per MilanNews.it, Yonghong Li has asked for an additional 48 hours to repay the €32m owed to Elliott Management.

Elliott responded, saying that they would not extend the deadline, putting further pressure on Li to make a quick sale of the club or risk losing it all.


Read SempreMilan ad-free and get access to exclusive news. Click here for a free trial!


The current offer on the table is that of Rocco Commisso, who is offering €500m for the club, the €32m that is owed to Elliott management and all of the club’s debt.

Li has until tomorrow to pay the €32 million owed to Elliott or he will risk losing the club, and its known that he is in London going over potential offers.

Tags Notification

1 Comment

Comments are closed

Sign up for our newsletter
Follow us