Sole 24 Ore: Yonghong Li may file dispute against Elliott

By Madison Derian-Toth -

Since the Elliott take over last Monday, previous Milan majority shareholder Yonghong Li has been out of the media, and overall pretty quiet.

According to Sole 24 Ore, Li is planning on a return to the spotlight to ensure that he can get the most out of the historic Italian side.

The law firm of White & Case – whom he hired to navigate the sale – are believed to still be doing the negotiations for him. A litigation between Li and Elliot are among the top hypotheses, where Elliott would hire law firm 5 Lex to assist their case.

Last week, Li defaulted on a €32million payment to Elliott and lost control of the club. Li now has no control of the club, and has had his board replaced by new decisions makers.

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