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.