In the last few days AC Milan president has been in negotiation with a mysterious subject over the sale of the club. The Chinese businessman has time until today to present Elliot an offer of 415 million euros or else the American fund becomes the new owner of the club. Today’s edition of La Repubblica reveals that the ”Mister X” that Yonghong Li is negotiating with is Dmitry Rybolovlev, the Russian owner of Monaco, and…
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The transfer market activity of AC Milan is frozen, awaiting news on the corporate front and the final verdict of CAS Tribunal, which could overturn or confirm the UEFA’s ruling on Europa League participation for next season. The only option for the Rossoneri until then is to sell someone. Tuttosport reports today that the players who, departing, could unlock the incoming mercato of the club are Gianluigi Donnarumma, Mateo Musacchio, Ricardo Rodruguez, Jesus Suso, Nikola…
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Due to unexpected issues on the corporate front AC Milan’s transfer market activity is frozen at the moment. Despite the arrivals of Pepe Reina, Ivan Strinic and Alen Halilovic, Massimiliano Mirabelli can not make any other purchases before the ownership rebus is solved. La Gazzetta dello Sport reports today the latest on the transfer market strategy of the Rossoneri, who will meet tomorrow at Milanello to kick off the new season under the guidance of…
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After Yonghong Li’s failed payment of the now well-known 32 million euros of capital increase, Elliott began the procedures to execute the pledge on 99.97% of AC Milan’s shares. However, as reported by Tuttosport, the US fund does not aim to hold the club for long. It is plausible, reports Tuttosport, that contacts have already initiated for the sale of the club to the interested American subjects (Rocco B. Commisso, the Ricketts family and Stephen…
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Things couldn’t have been worst for AC Milan. At a time when the Rossoneri were supposed to be active on the market the situation at the club has never been more confuse. Serie A giants AC Milan are set to change owner very soon after current president Yonghong Li failed to repay 32 million euros to Elliot Fund. Unless Mr. Li finds 415 million euros for the American fund by Monday then Elliot becomes the…
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Apparently there is still one chance for Yonghong Li to remain owner of AC Milan and avoid a takeover from Elliot reports Libero. Tobia De Stefano, a journalist of Libero, talked about a possible move by Yonghong Li, on his Twitter profile, in order to prevent the passage of AC Milan into the hands of American fund Elliot Management. “There is still one chance for Yonghong Li to remain president of AC Milan. He has time…
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Elliot will take control of AC Milan in the coming days but the American fund aims to sell the club as soon as possible to the highest bidder. In the coming days, AC Milan should officially pass into the hands of Elliott. The American fund will take control of the club after president Yonghong Li failed to repay 32 million euros of capital increase. What is certain, is that the Chinese management has come to…
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Yonghong Li’s decision not to repay Elliot fund the 32 million euros of capital increase could prove to cost him hundreds of millions at the end. After concluding the necessary legal procedures and obtaining the full ownership of the club, Elliott will immediately begin the sale process. The American fund will protect its investment if necessary and is willing to deposit 150 million euros to guarantee the business continuity of the club before greenlighting the…
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Bank transfer not received, Elliott ready to take over from Yonghong Li. And this is just the essence of yesterday’s events of the last 24 hours. The US fund declared it had not received a refund for the 32 million euros from the Rossoneri president and that immediately after midnight it had started the procedures to take control of the club. Now everyone is expecting an official communication on the club’s future and by the…
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As it was expected AC Milan president Yonghong Li failed to repay the 32 million euros that Elliot injected two weeks ago as capital increase. According to last year’s loan agreement between the parties the American Fund can takeover the ownership of the club. La Stampa reports that Elliot is already working to take possession of AC Milan club. In fact, the US fund in Luxembourg has started the ownership transfer process which should last…
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