FT: Yonghong Li always doomed
As Yonghong Li seemingly won’t reply to Milan calls, the Financial Times outlined how Elliott Management’s takeover was inevitable from the start. Chinese businessman Li came out of nowhere to…
As Yonghong Li seemingly won’t reply to Milan calls, the Financial Times outlined how Elliott Management’s takeover was inevitable from the start. Chinese businessman Li came out of nowhere to…
Elliott Management have taken over Milan and wholesale changes are expected, including Paolo Scaroni as President, but Rocco Commisso's entourage are doubtful. The American hedge fund officially repossessed the club’s…
Elliott Management have taken control of AC Milan from Yonghong Li, while Miami FC owner Riccardo Silva is also linked with a takeover bid. Yonghong Li’s time appears to be…
The mysterious Russian investor in negotiations to takeover Milan from Yonghong Li is reportedly Monaco owner Dmitry Rybolovlev. According to sports writer Luca Serafini and financial paper Il Sole 24…
Rocco Commisso spoke to Sky Sport Italia about his attempts to purchase Milan, but “I can’t say I’m still confident. Maybe flip a coin…” The man who immigrated to America…
Rocco Commisso remains hopeful of securing a deal to buy Milan, although he admits he is ‘not in control’ of the situation. The Rossoneri remain in the midst of an…
With Elliott Management ready to take over from Yonghong Li, speculation is rife over what comes next for Milan. The President failed to meet yet another deadline, this time to…
Yonghong Li missed the deadline and a legal battle could ensue, but it remains to be seen what hedge fund Elliott Management will do with Milan next. The Chinese patron…
The deadline has passed and Yonghong Li has not paid the €32m, so Elliott Management can begin repossessing Milan, but there is some hope for a sale. According to multiple…
Yonghong Li has 24 hours to pay back the €32m to Elliott Management, but it’s reported Rocco Commisso faces competition from a mystery Asian buyer for Milan. The President is…
Milan President Yonghong Li reportedly asked for an extension on the deadline to repay €32m, but Elliott Management refused. Time is ticking down and the Chinese patron risks losing the…
Yonghong Li is currently in New York for face to face negotiations to sell Milan to Rocco Commisso, according to Libero. A reporter from the newspaper claims the club President…
Yonghong Li’s difficulty in selling Milan is reportedly related to his insistence on a clause stipulating his shares won’t be diluted in the future. The Chinese businessman has until Friday…
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…
Italo-American tycoon Rocco Commisso admits there are currently no conditions for him to buy into Milan but still ‘hopes’ a deal can be reached. Commisso had been close to a…
Yonghong Li is reportedly close to accepting Rocco Commisso’s offer for Milan, as long as he keeps at least 30 per cent of the shares. The Chinese owner is struggling…
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…
The Association of Milan Small Shareholders have sent a strongly-worded letter urging Yonghong Li to “unequivocally prove his financial stability or step aside.” President Yonghong Li has been increasingly under…
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…
Rocco Commisso could fly out to Italy to try and revive his takeover of Milan, according to reports. The New York Cosmos owner is interested in buying the club from…