Milan will reportedly receive a €10m cash injection by Monday, but owner Li Yonghong faces sanctions from the Chinese government.
According to Calciomercato.com, Li will provide the necessary €10m to help Milan with running costs.
However, the website warns another €30m is needed by the end of June and Elliott Management, which could take over the club, is keeping a close eye on the situation.
Milan will reportedly receive a €10m cash injection by Monday, but owner Li Yonghong faces sanctions from the Chinese government.
According to Calciomercato.com, Li will provide the necessary €10m to help Milan with running costs.
However, the website warns another €30m is needed by the end of June and Elliott Management, which could take over the club, is keeping a close eye on the situation.
Moreover, Corriere della Sera claims the China Securities Regulatory Commission (CSRC) has closed its investigation on Jie Ande, Li’s former company which was declared bankrupt.
The newspaper adds the Chinese body has ‘announced sanctions’ for the 48-year-old, whose position has been further weakened by reports UEFA could expel the Rossoneri from the Europa League next season.