Yonghong Li has seemingly realised Rocco Commisso’s offer to buy Milan is his best option and is back in advanced negotiations, it’s reported.
US billionaire Commisso had been close to a deal for €500m plus payment of the debt to Elliott Management, leaving 15-20 per cent of the club to Yonghong Li.
Suddenly on Tuesday night, the whole affair seemed to be off, as the Chinese patron wanted to keep 30 per cent of the club and find the €32m owed to Elliott Management by July 6.
Yonghong Li has seemingly realised Rocco Commisso’s offer to buy Milan is his best option and is back in advanced negotiations, it’s reported.
US billionaire Commisso had been close to a deal for €500m plus payment of the debt to Elliott Management, leaving 15-20 per cent of the club to Yonghong Li.
Suddenly on Tuesday night, the whole affair seemed to be off, as the Chinese patron wanted to keep 30 per cent of the club and find the €32m owed to Elliott Management by July 6.
Commisso told America Oggi that he still wanted to complete the takeover, but “only on my terms” and this evening multiple sources report the talks are back on.
Elliott seem to have given the all-clear and it’s believed Yonghong Li would still be allowed to keep 30 per cent of the club.
If Milan do have a new owner in place by the time the CAS appeal comes around, they have a better chance of overturning the Financial Fair Play ruling that saw them excluded from Europe for the 2018-19 season.