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Tuttosport: The possible names of Elliott’s new management

Posted on July 8, 2018July 8, 2018 by Rossonero

After Yonghong Li’s failed payment of the now well-known 32 million euros of capital increase, Elliott began the procedures to execute the pledge on 99.97% of AC Milan’s shares. However, as reported by Tuttosport, the US fund does not aim to hold the club for long. It is plausible, reports Tuttosport, that contacts have already initiated for the sale of the club to the interested American subjects (Rocco B. Commisso, the Ricketts family and Stephen…

Saudi Arabian prince could buy Milan

Posted on July 8, 2018July 9, 2018 by Rossonero

Things couldn’t have been worst for AC Milan. At a time when the Rossoneri were supposed to be active on the market the situation at the club has never been more confuse. Serie A giants AC Milan are set to change owner very soon after current president Yonghong Li failed to repay 32 million euros to Elliot Fund. Unless Mr. Li finds 415 million euros for the American fund by Monday then Elliot becomes the…

There is still one chance for Mr. Li to save Milan

Posted on July 7, 2018July 8, 2018 by Rossonero

Apparently there is still one chance for Yonghong Li to remain owner of AC Milan and avoid a takeover from Elliot reports Libero. Tobia De Stefano, a journalist of Libero, talked about a possible move by Yonghong Li, on his Twitter profile, in order to prevent the passage of AC Milan into the hands of American fund Elliot Management. “There is still one chance for Yonghong Li to remain president of AC Milan. He has time…

AC Milan, 4 Tracks for the after Yonghong Li

Posted on July 7, 2018July 9, 2018 by Rossonero

Elliot will take control of AC Milan in the coming days but the American fund aims to sell the club as soon as possible to the highest bidder. In the coming days, AC Milan should officially pass into the hands of Elliott. The American fund will take control of the club after president Yonghong Li failed to repay 32 million euros of capital increase. What is certain, is that the Chinese management has come to…

Gazzetta: Here’s how much money Yonghong Li is about to lose on Milan

Posted on July 7, 2018July 7, 2018 by Rossonero

Yonghong Li’s decision not to repay Elliot fund the 32 million euros of capital increase could prove to cost him hundreds of millions at the end. After concluding the necessary legal procedures and obtaining the full ownership of the club, Elliott will immediately begin the sale process. The American fund will protect its investment if necessary and is willing to deposit 150 million euros to guarantee the business continuity of the club before greenlighting the…

Elliot preparing new revolution at AC Milan

Posted on July 7, 2018July 7, 2018 by Rossonero

Bank transfer not received, Elliott ready to take over from Yonghong Li. And this is just the essence of yesterday’s events of the last 24 hours. The US fund declared it had not received a refund for the 32 million euros from the Rossoneri president and that immediately after midnight it had started the procedures to take control of the club. Now everyone is expecting an official communication on the club’s future and by the…

Yonghong Li doesn’t pay. What happens now?

Posted on July 6, 2018July 7, 2018 by Rossonero

As it was expected AC Milan president Yonghong Li failed to repay the 32 million euros that Elliot injected two weeks ago as capital increase. According to last year’s loan agreement between the parties the American Fund can takeover the ownership of the club. La Stampa reports that Elliot is already working to take possession of AC Milan club. In fact, the US fund in Luxembourg has started the ownership transfer process which should last…

IS24O: Li Yonghong in London for a last-minute closure

Posted on July 5, 2018 by Rossonero

Important news regarding the future of AC Milan. According to Carlo Festa of “Il Sole 24 Ore“, president Yonghong Li is currently in London looking for a last-minute solution for the reorganization of the Rossoneri club. The Chinese businessman has attended several meetings with some investment banks and he was also engaged with his advisors to further evaluate the offer of billionaire Rocco B. Commisso for the sale of Milan, as well as other proposals…

Player rejects 10 million per seasons from China to join Milan instead

Posted on July 5, 2018July 5, 2018 by Rossonero

It is a turbulent period on the corporate front with the future owner of club still a mystery but sporting director Massimiliano Mirabelli continues to work on the market like usual. After completing the signing of Pepe Reina, Ivan Strinic and Alen Halilovic, the Italian manager is hunting for a new striker. The guaranteed departure of Nikola Kalinic with Atletico Madrid as his next destination is about to free a new place in AC Milan…

The strange silence of Mr. Li. Mercato: in & out

Posted on July 5, 2018 by Rossonero

The strange silence of Yonghong Li keeps worrying Rossoneri fans. Where is the president who up to a week ago was negotiating the sale of the club with entrepreneur Rocco Commisso? After Mediacom’s patron announced the termination of negotiations, Mr. Li did not even bother to give a single statement on this issue. A silence that someone interprets as the prelude to a shotgun, while other sources hypothesize that Mr. Li is preparing to refund Elliott. The…

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