Sky: Despite missing deadline, Yonghong Li could remain at AC Milan

By Isak Möller -

Reports had suggested that Yonghong Li, after missing the deadline of the €32m payment to Elliott, would lose the club to the American hedge fund. However, new reports suggest that Yonghong Li still has a chance.

In fact, as reported by Sky Italia, Yonghong Li has until Monday to negotiate with different buyers, eventually closing a deal for the sale of the club.

Should he find a buyer, then he would have to pay back the €415m he owes to Elliott, which would be financed by the sale. If so, then Elliott could decide to hand the club to the buyer, while Yonghong Li would keep a minority stake in the club. 

However, it’s not very likely that Yonghong Li will find a buyer, close a deal and provide Elliott with the necessary funds in time. 

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2 Comments

  1. Ac Milan Forever says:

    What Do You Want Mr Li.. if you dont have enough money.. just sell My Lovely Club.. dont make things getting worst

  2. victor says:

    Milan must get rid of Mr Li as soon as possible. And let’s hope the new owners would look at AC Milan as a football club and not just as a business enterprise.

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