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.

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NEWS
Sunday July 8 2018
Commisso: 'Not confident on Milan'

Rocco Commisso spoke to Sky Sport Italia about his attempts to purchase Milan, but “I can’t say I’m still confident. Maybe flip a coin…”

The man who immigrated to America from Calabria as a child went on to become one of the Forbes 500 richest people in the country and his negotiations to buy at least 70 per cent of the club shares from Yonghong Li have hit massive problems.

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NEWS
Saturday July 7 2018
Li's last throw of Milan dice

Elliott Management have already started legal proceedings to repossess Yonghong Li’s assets, but the Milan patron could put up a fight.

Yonghong Li failed to meet his deadline last month to put €32m of capital into the club, so it was provided by American hedge fund Elliott.

Last night, he also missed the deadline to pay it back, meaning he now owes them €412m including interest.

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NEWS
Saturday July 7 2018
What next for Milan?

With Elliott Management ready to take over from Yonghong Li, speculation is rife over what comes next for Milan.

The President failed to meet yet another deadline, this time to repay the €32m that he had already missed last month for the increase in capital.

As he now owes Elliott Management Corporation €425m, the American hedge fund can begin the process of repossessing his assets.

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NEWS
Saturday July 7 2018
Elliott to run Milan?

Yonghong Li missed the deadline and a legal battle could ensue, but it remains to be seen what hedge fund Elliott Management will do with Milan next.

The Chinese patron failed to pay the outstanding €32m, which Elliott had provided to increase the capital last month, and to all intents and purposes the American hedge fund now owns the Serie A giants.

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NEWS
Friday July 6 2018
Yonghong Li missed Milan deadline

The deadline has passed and Yonghong Li has not paid the €32m, so Elliott Management can begin repossessing Milan, but there is some hope for a sale.

According to multiple sources including financial newspaper Il Sole 24 Ore and La Stampa, Yonghong Li has missed the deadline of midnight Italian time to repay the €32m that US hedge fund Elliott used to raise the capital last month.

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NEWS
Friday July 6 2018
D-day for Yonghong Li

Milan owner Yonghong Li must repay €32m to Elliott Management today or cede control of the club to the U.S hedge fund.

The Chinese businessman didn’t pay the latest instalment in a capital increase last month, and the fund had to step in to cover the cost.

Today is the deadline for Li to repay that money or lose the club to Elliott, and it is expected that he’ll come up with the money.

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NEWS
Thursday July 5 2018
Li hangs on for new Milan buyers

Yonghong Li has 24 hours to pay back the €32m to Elliott Management, but it’s reported Rocco Commisso faces competition from a mystery Asian buyer for Milan.

The President is reaching the crunch moment for his status as owner of Milan.

On Friday evening, he has to repay the €32m that US hedge fund Elliott Management put forward to increase the capital after Li missed the deadline a couple of weeks ago.

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NEWS
Thursday July 5 2018
Elliott refuse Yonghong Li extension

Milan President Yonghong Li reportedly asked for an extension on the deadline to repay €32m, but Elliott Management refused.

Time is ticking down and the Chinese patron risks losing the club to US hedge fund Elliott Management Corporation this weekend.

According to MilanNews.it, Yonghong Li requested another 48 hours to find the €32m he must pay back tomorrow.

However, Elliott are done waiting and refused, trying to force him out of the club one way or another.

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NEWS
Wednesday July 4 2018
Yonghong Li back in Commisso talks

Yonghong Li is currently in New York for face to face negotiations to sell Milan to Rocco Commisso, according to Libero.

A reporter from the newspaper claims the club President is in the Big Apple with advisors White & Case to discuss terms.

Time is running out for Yonghong Li, as he has 48 hours to repay the €32m to Elliott Management Corporation, handed over last month to increase the capital when Li failed to meet his deadline.

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