NEWS
Monday June 11 2018
Milan close to new investor

Milan owner Yonghong Li is reportedly close to agreeing a deal with a new investor, believed to be an Italian entrepreneur.

There have been increasing doubts about the status of the Rossoneri’s Chinese owner, and both a voluntary agreement and a settlement agreement on Financial Fair Play have been rejected by UEFA.

Part of the reason for that were the doubts over Li and his debt to Elliott Management, who can take over the club in October if they’re not repaid the money they invested in the takeover.

Now though La Repubblica is reporting a €150m offer to join the board from an Italian entrepreneur, who would then increase his shareholding in the future.

That would also help Milan’s case in front of UEFA on June 19, where they risk being thrown out of the Europa League.

The Diavolo could point out that the new investor offers greater guarantees of liquidity, assuaging some of the FFP concerns.

La Repubblica believes Milan would appeal to the Court of Arbitration for Sport if they’re excluded.

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