Li to lose €300m on Milan sale?
Reuters claim Rocco Commisso is offering €500m to buy Milan, but this would leave Yonghong Li with a €300m loss, as it includes debt. The Chinese businessman bought the club…
Reuters claim Rocco Commisso is offering €500m to buy Milan, but this would leave Yonghong Li with a €300m loss, as it includes debt. The Chinese businessman bought the club…
From the very start, Yonghong Li’s takeover of Milan for €740m has been shrouded in controversy, confusion and very little clarity. Chinese businessman Yonghong Li completed the takeover from Silvio…
With news Yonghong Li has changed the terms to scupper the takeover talks with Rocco Commisso, some suggest Elliott Management are behind the strategy. This evening, Sky Sport Italia and…
In a sudden and shocking turnaround, Yonghong Li has reportedly changed the terms with Rocco Commisso and wants to keep Milan. The negotiations had been close to completion and a…
Rocco Commisso is eager to buy Milan outright, but this is reportedly not going down well with Yonghong Li or Elliott Management. According to Sky Sport Italia, the owner of…
Milan could be excluded from Europe for two years and fined €30m for FFP violations, while Rocco Commisso is identified as the potential buyer. The Rossoneri are due to discover…
Il Sole 24 Ore are trying to identify the American investor in talks to buy Milan, narrowing it down to four possible names. Yonghong Li failed to provide the €32m…
Marco Fassone assures the new owners want “a strong Milan”, and will sign “experienced and quality players” in the summer. Yonghong Li’s Rossoneri Sport Investment Luxembourg consortium has completed a…
It’s reported that Elliott Management will check up on the new Milan ownership every two months, to protect their investment. Rossoneri Sport Investment Lux, led by Yonghong Li, finally completed…
Italy’s biggest financial paper claims new Milan owner Yonghong Li and US hedge fund Elliott will have to work out interest repayments. Today the long-awaited closing finally happened, as Silvio…
It’s reported that US hedge fund Elliott Management will have someone on the Milan board of directors, as they are financing the takeover. The closing is set for April 14,…