MN: Yonghong Li’s €320m claim will not affect takeover – Elliott likely to sell all shares

By Oliver Fisher -

The news has arisen in the last few hours that Yonghong Li has re-emerged on the scene and believes he is entitled to financial recompense from Elliott Management.

As reported by Il Sole 24 Ore yesterday and by many newspapers this morning, the former owner of Milan seems willing to sue Elliott with the aim of earning compensation of about €320m, which is equal to the the capital gain that the American fund will collect with the probable sale to Investcorp.

However, MilanNews reports that Li’s legal action will not affect the outcome of the negotiation between Investcorp and the current Rossoneri owners which is heading towards a successful conclusion in the coming days and weeks.

Meanwhile, Antonio Vitiello of MilanNews is reporting that it seems difficult at the moment to imagine a hypothesis where the American fund maintain minority shares as has been suggested by various media outlets over the past few days.

Tags AC Milan Yonghong Li
Serie A Standings

Live football scores . Current table, fixtures & results.