The sale of Milan is shaping up to be ‘a game of poker’ between Li Yonghong and Rocco Commisso.
Gazzetta dello Sport reports it has been five days since there were ‘any signs of life’ in Commisso’s bid to take over Milan.
The Italo-American billionaire had offered to fund the €32m capital increase, cover the €380m loan owed to Elliott Management and put up €150m for transfers.
That would have left Li with 30 percent of the club and an opportunity to make a return on his investment in the Asian market.
The sale of Milan is shaping up to be ‘a game of poker’ between Li Yonghong and Rocco Commisso.
Gazzetta dello Sport reports it has been five days since there were ‘any signs of life’ in Commisso’s bid to take over Milan.
The Italo-American billionaire had offered to fund the €32m capital increase, cover the €380m loan owed to Elliott Management and put up €150m for transfers.
That would have left Li with 30 percent of the club and an opportunity to make a return on his investment in the Asian market.
However, a sudden change of heart has forced Commisso to wait for the Chinese businessman’s next move, writes the newspaper.
As for the capital increase that is due by July 6, the newspaper expects Li to front the money – but not until the last minute.
Furthermore, it ‘remains to be seen’ whether Elliott boss wants to see the cash in his account or merely accept proof of payment.