Sole 24 Ore: AC Milan close to welcoming US shareholder in corporate restructuring

By Oliver Fisher -

AC Milan are close to agreeing a restructuring which would see a US shareholder enter the fold, a report claims.

According to reliable Italian outlet Sole 24 Ore, negotiations are under way to close a deal that would see current president Yonghong Li welcome an American into the corporate structure.

Important meetings regarding the agreement took place on Wednesday, and the documentation relating to the agreement has been sent to an office based near Palazzo di Giustizia.

The operation, according to Sole 24 Ore, would provide for the entry of the new American shareholder who would initially enter the minority by providing the necessary capital to Yonghong Li to honour the commitment of the final capital increase, meaning a €32million investment.

Subsequently, the US shareholder would then provide the capital for investments in the market and would have the option to become a majority shareholder and leave Li as a minority shareholder, similar to Erick Thohir at Inter.

The advisors of the US investor – Goldman Sachs – were in Milan today, arriving from London to define the agreement. Essentially, it would give Milan another card to play as they await the new UEFA verdict, which will determine the club’s participation (or lack thereof) in Europe next season.

Meanwhile, Sky are claiming that in addition to the offers from America and Malaysia, an Arab group are also interested, and Li will choose based on the best bid.

Tags AC Milan Italy Milan News Notification Rossoneri Serie A
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