Yonghong Li’s difficulty in selling Milan is reportedly related to his insistence on a clause stipulating his shares won’t be diluted in the future.
The Chinese businessman has until Friday to repay Elliott Management for the €32m they lent the club for a capital increase, after the owner missed the payment.
New York Cosmos owner Rocco Commisso was looking to buy the club from him, but talks appear to have stalled, if not broken down completely.
Yonghong Li’s difficulty in selling Milan is reportedly related to his insistence on a clause stipulating his shares won’t be diluted in the future.
The Chinese businessman has until Friday to repay Elliott Management for the €32m they lent the club for a capital increase, after the owner missed the payment.
New York Cosmos owner Rocco Commisso was looking to buy the club from him, but talks appear to have stalled, if not broken down completely.
While it was previously thought that Li was demanding to hold on to around 30 per cent of the club, but Milano Finanza reports that he never actually specified a stake.
Instead the current owner wanted to insert a clause which demanded that his shareholding never be diluted, even in the event of future share issues.