Wednesday March 7 2018
Milan: Li to sell 25%?

Milan owner Li Yonghong is reportedly considering the possibility of selling 25 percent of the club to raise funds for their Elliott loan.

According to La Repubblica, Li is looking to bring in a minority shareholder with whom he could split the costs of running Milan, similar to how Suning Group and Erick Thohir coexist at Inter.

The newspaper explains the Chinese businessman has decided owning the Rossoneri outright “is too big of a step” for him.

Li took out a €303m loan from Elliott Management to fund his takeover last year, and the American hedge fund is expecting it to be repaid with interest by October.

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