NEWS
Friday October 11 2019
Milan: Li under investigation

Former Milan owner Li Yonghong is being investigated by Chinese authorities for giving false information about his financial situation.

Li bought Milan in the summer of 2017 from Silvio Berlusconi but was ousted from the club just a year later after he defaulted on a €303m loan, with which he financed his takeover.

The businessman continues to cut a shady figure, and ANSA reports contact has been made between prosecutors in Milan and judicial authorities in China.

As per the news agency, he is being accused of giving false information and hiding his true financial situation while he was Rossoneri owner.

It is also claimed the investigation began over a year ago, when the Guardia di Finanza were alerted to three suspicious transactions involving Li.

Despite that, he has always maintained that his finances are in a healthy condition.

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