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