Former AC Milan owner Yonghong Li has blasted Elliott Management and Gordon Singer for their handling of the club.
Yonghong Li bought the club from Silvio Berlusconi in April 2017 under the name Rossoneri Sport Investment Luxembourg, but he defaulted on the repayment of loans.
He has since been criticised for a reckless summer spending campaign which saw Milan bring in a number of high profile players, forking out over €200m in the process which has left the club experiencing Financial Fair Play problems even up until today.
Elliott Management’s ownership of the club has arguably been equally divisive though. The American hedge fund have focused mainly on buying young talent on the cheap to try and develop, arguably a complete opposite approach to that of the previous regime.
Yonghong actually replied to a tweet from our account with the following comments: “This is not good. Why did he wait all this time to supposedly start caring for the team? It should be treated with passion, not as an emotionless investment. Look at Singer’s track record. The club deserves better.”
It was in response to a graphic based on a Corriere dello Sport article which claimed that Gordon Singer has made it his ‘personal challenge’ to transform the fortunes of the club, which you can read here.
This is not good. Why did he wait all this time to supposedly start caring for the team? It should be treated with passion, not as an emotionless investment. Look at Singer's track record. The club deserves better. #ACMILAN https://t.co/e4ZPF8XfXj
— Yonghong Li (@YonghongLi69) April 2, 2020