AC Milan’s former owner Yonghong Li has gone to court to try and seize €364m after filing a lawsuit against Elliott Management over the sale of AC Milan, a report claims.
According to what is being reported by Il Sole 24 Ore (via SempreMilan.it), the former Rossoneri president Yonghong Li allegedly requested the seizure of €364m from Elliott in Luxembourg.
The Chinese businessman was assisted by lawyers from the Cleary Gottlieb firm, and he allegedly filed for legal action against the American fund, making the request to the Luxembourg Court.
The case involves Rossoneri Sport Investment and Project RedBlack who are the two companies that essentially control Milan.
Elliott are likely to appeal the notion and therefore it could drag on for some months in court, while it must be remembered that Blue Skye are also aiming to take them to court in an attempt to block the sale of the club to RedBird Capital.
How is that possible ? Can Elliott also ask for their failed signing with results making many losses like : ANDRE SILVA, ANDREA CONTI, NICOLA KALINIC, etc ?
He did many miss-managements but still wanna take a part of profit from Elliott’s wonderful job ?
This scam chinese investor again. When will this crap give up and realize that he is just full of debt
The headline and the copy don’t match.
If you understand the Business side of corporations, you’d know that the sale of Milan by Elliot is a big fraud and many ugly details will emerge as time goes on. My only concern is that it doesn’t cripple the sport side of it for us the fans cus we have suffered from the banter era.
Thank you Berlusconi !
This is the ONLY right answer since 2017.
I guess the only Milan problem that milan need to find immediate solution is about the ownership.