Yonghong Li doesn’t pay. What happens now?
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…
Read More