CorSera: Yonghong Li files for bankruptcy in China
Yonghong Li’s troubles in his homeland China never stop. The new owner of AC Milan has filed for bankruptcy after failing to repay a loan. Through an investigation by Il Corriere della Sera, on their “Dataroom” column, Milena Gabanelli, a well-known Italian journalist, reports that Yonghong Li, president of Milan since last April, while he was buying the club of via Aldo Rossi from Finnvest for 740 million euros, was sentenced to compensate debts with some…
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