Saeed Al-Falasi is again being linked with Milan, this time purchasing 30 per cent as a minority shareholder to help prop up Yonghong Li.
According to Oracolo Rossonero, the figure ready to buy 30 per cent of the San Siro side is the owner of International Triangle Group.
There had already been strong reports in La Gazzetta dello Sport of a possible takeover bid in March, but at the time, Yonghong Li rejected all offers.
Saeed Al-Falasi is again being linked with Milan, this time purchasing 30 per cent as a minority shareholder to help prop up Yonghong Li.
According to Oracolo Rossonero, the figure ready to buy 30 per cent of the San Siro side is the owner of International Triangle Group.
There had already been strong reports in La Gazzetta dello Sport of a possible takeover bid in March, but at the time, Yonghong Li rejected all offers.
After UEFA refused to seal a settlement agreement with the club over Financial Fair Play problems and threatened to exclude Milan from the Europa League, the situation has changed.
Yonghong Li has until October to pay the full €380m loan – including interest – to Elliott Management or lose control of the club.
Even before then, he has to pay up €32m to increase the capital by the end of June to keep them ticking over.
It was allegedly Al-Falasi and not Elliott Management who approached Paolo Maldini to enter the club hierarchy this week, a story that Elliott denied through news agency ANSA.
That is because Al-Falasi used Maldini’s friend Riccardo Silva as a broker for the deal.
Silva and Maldini worked together to set up NAFL franchise Miami FC.