NEWS
Sunday July 8 2018
Monaco owner wants Milan?

The mysterious Russian investor in negotiations to takeover Milan from Yonghong Li is reportedly Monaco owner Dmitry Rybolovlev.

According to sports writer Luca Serafini and financial paper Il Sole 24 Ore, the man rivalling American Rocco Commisso for the purchase of the club is a billionaire already known to football fans.

That is because Rybolovlev already owns Ligue 1 club AS Monaco.

This could prove to be an issue, as there are UEFA rules over two clubs being under the same ownership.

It wouldn’t be a problem for the moment, as Milan were excluded from UEFA competition for this season, but if they were to both be in the Europa League or Champions League, then it could get complicated.

All this, of course, rests on the idea Yonghong Li is still the one who can sell Milan, because he missed the deadline on Friday for a €32m loan repayment.

Elliott Management can begin repossession of his assets, specifically the holding company in Luxembourg that he used to purchase Milan in the first place with a €303m loan from the hedge fund.

The paperwork for that move can only go through from Monday, so if Yonghong Li tries to hang on to power, there could be a court case and legal battle.

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