Waiting for UEFA’s ruling, which could sanction the exclusion of the Rossoneri from Europa League, in the past few hours the main club leaders have flown to London.
As confirmed by La Repubblica, Marco Fassone and David Han Li are in the English capital to deal with negotiations for the entry of the new partner in AC Milan. According to the national newspaper, president Yonghong Li could also sell the majority shares of the club. There are two offers on the table: the first by Goldman Sachs, the second by Bank of America Merrill Lynch. In both cases, Mr. Li stake is expected to fall below 30% and sell his remaining shares in the coming years.
Apparently the proposal presented by Goldman Sachs is worth 500 million euros for 75% of the shares and grants the current owner a way out with the option to sell the remaining stake in the following years. The parties were about to close everything a few days ago but then Yonghong Li decided to asses other offers as well. The well-known American investment bank represents a US fund that has announced that it will wait until the end of the week for an answer. Also the proposal from BofA Merrill Lynch foresees the entry of at least two investors destined to take the majority.
If a preliminary agreement is reached, it would then be included in the documentation that will be used to appeal UEFA’s decision to the TAS Tribunal of Lausanne. If Yonghong Li fails to close a deal for the sale of the majority package and is unable to provide the 32 million euros of the capital increase by Friday, then Elliott fund would be ready to take over the club.
