Agent Jorge Mendes is reportedly involved in a Milan takeover bid, though it remains to be seen if he’s talking to Yonghong Li or Elliott Management.
The club is in a state of chaos, as Yonghong Li missed deadlines for €32m in increased capital, then to pay it back once hedge fund Elliott had loaned it.
Now Elliott are set to begin repossessing his assets, starting from the holding company for the Serie A club in Luxembourg, on Monday.
Agent Jorge Mendes is reportedly involved in a Milan takeover bid, though it remains to be seen if he’s talking to Yonghong Li or Elliott Management.
The club is in a state of chaos, as Yonghong Li missed deadlines for €32m in increased capital, then to pay it back once hedge fund Elliott had loaned it.
Now Elliott are set to begin repossessing his assets, starting from the holding company for the Serie A club in Luxembourg, on Monday.
American investor Rocco Commisso confirmed he was in negotiations with Li to buy the club, while today Il Sole 24 Ore are reporting Monaco patron Dmitry Rybolovlev is on the verge of agreeing terms.
However, Sky Sport Italia and Radio Rossonera now both suggest Jorge Mendes is heavily involved in the next step for Milan.
Mendes has been in extensive talks with Milan CEO Marco Fassone, but it had been assumed these regarded players Andre Silva and Radamel Falcao.
Mendes is also orchestrating Cristiano Ronaldo’s shock move from Real Madrid to Juventus for €100m.
It’s worth noting that Mendes has strong links with several European clubs, including Monaco, Atletico Madrid, Benfica, Valencia and most recently Wolverhampton Wanderers.
This means he could well be involved in the Rybolovlev bid to take over Milan, but all of that could be futile because Elliott Management are going to repossess Li’s assets tomorrow and can begin their own negotiations.