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
Thursday March 22 2018
Usmanov: 'No Milan proposal'

Russian billionaire Alisher Usmanov insists he has “not received any proposals to acquire AC Milan” after today’s speculation.

Newspaper Libero had reported that Usmanov was considering a takeover from Yonghong Li.

However, his spokesperson contacted us to deny the story.

“Mr. Usmanov receives many proposals to purchase football clubs, some of which are considered seriously and others which are not.

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NEWS
Thursday March 22 2018
Usmanov interested in Milan

Russian billionaire Alisher Usmanov is reportedly interested in buying Milan, thanks to his relationship with Paul Singer of Elliott Management, but denied this link.

The Rossoneri are currently owned by Chinese businessman Yonghong Li, but numerous publications have expressed doubt about his finances.

Between them, the club and Li’s holding company Rossoneri Sport owe U.S hedge fund Elliott Management a total of €303m.

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