Yonghong Li Archives - AC Milan News

Yonghong Li could block the sale of AC Milan club

Posted on May 11, 2022May 11, 2022 by Rossonero

Former president Yonghong Li is taking legal actions to prevent Elliott’s expected sale of AC Milan club this summer. AC Milan may have a new owner after just four years with Elliott Management in negotiations to sell the club. Investcorp and RedBird Capital are offering close to 1.2 billion euros to takeover the Rossoneri club. Investcorp are a Bahrain fund with Mohammed Al Ardhi as executive chairman RedBird Capital are a US based investment firm…

Han Li breaks silence on AC Milan and what happened behind-the-scenes at the club

Posted on January 8, 2020January 8, 2020 by Rossonero

Former AC Milan executive David Han Li breaks silence and talks what really happened at the club behind the scenes. ON REMAINING SILENT FOR SO LONG – There are a few reasons why we have kept quiet. The first is that now, we don’t have any trust in anyone. It was also about not having trust in the media. Just a few hours after we signed the SpA, all the names of the investors were…

50 Days of Elliott: here’s how Milan changed

Posted on September 10, 2018September 10, 2018 by Rossonero

Exactly 50 days have passed since that rainy 21 July in Milan, when the fate of the Rossoneri club and the end of the Chinese era were decided inside the halls of Via Aldo Rossi. The Board of Directors decreed the farewell of Yonghong Li and his partners while Elliott Management through debt enforcement automatically took control of the club starting a new era, immediate and with big expectations for the future. In 50 days…

CorSport: Only one ‘sacrifice’ can save Milan

Posted on May 25, 2018May 25, 2018 by Rossonero

AC Milan risk their European future after UEFA’s latest decision. There is only one way to save the club according to reports and it requires a sacrifice. The Rossoneri have ended in unexpected trouble as UEFA has decided to reject their Settlement Agreement proposal. President Yonghong Li has to pay back a loan of nearly 400 million euros and so far has failed to refinance the debt. And that’s seems to be UEFA’s main doubt regarding the…

Club statement on Yonghong Li’s bankruptcy allegations

Posted on February 20, 2018February 20, 2018 by Rossonero

From China, AC Milan’s President Yonghong Li has released an official statement denying all allegations from Il Corriere della Sera pretending that Mr. Li had filed for bankruptcy. “Happy New Year to everyone! I spent this traditional holiday at home with my family. In the last 48 hours I have seen some irresponsible news in the media that has damaged the club, my companies, my family and myself. Ever since I acquired Milan, I have faced every kind of…

CorSera: Yonghong Li files for bankruptcy in China

Posted on February 19, 2018 by Rossonero

Yonghong Li’s troubles in his homeland China never stop. The new owner of AC Milan has filed for bankruptcy after failing to repay a loan. Through an investigation by Il Corriere della Sera, on their “Dataroom” column, Milena Gabanelli, a well-known Italian journalist, reports that Yonghong Li, president of Milan since last April, while he was buying the club of via Aldo Rossi from Finnvest for 740 million euros, was sentenced to compensate debts with some…

Repubblica: Moment of truth for AC Milan

Posted on October 27, 2017September 29, 2018 by Rossonero

The moment of truth is coming for AC Milan. Soon it will be clearer whether president Yonghong Li possesses the necessary financial strength or if Elliot will take control of the club. The latest rumors about the Chinese ownership of AC Milan do not look promising. November will be the month of the truth for president Yonghong Li, and any doubts about the club’s financial strength will be dissolved. Either the red and black club…

Fassone’s plan to repay Milan’s debt

Posted on October 11, 2017October 11, 2017 by Rossonero

Despite AC Milan’s questionable economic situation concerns have never emerged from the club, fully confident in their project. The situation of AC Milan is well known: by October next year, the club and Rossoneri Lux (controlling the majority stake) will have to repay the 303 million euros (plus interest) lent by Elliott Management Corporation, the US fund that in Spring helped Yonghong Li to acquire the rossoneri. 180 million went to Rossoneri Lux for the closing…

Fassone, mission in the East, ready to launch Milan China

Posted on October 3, 2017October 3, 2017 by Rossonero

Decisive days for the future of AC Milan, on and off the field. Fassone is about to embark on an important travel to China to secure new financial resources for the club. While in Milanello a careful technical analysis is needed regarding AC Milan’s recent results, with confidence in coach Vincenzo Montella still intact, the club’s financial destiny is decided on the other side of the planet. The coming days are extremely important for the…

Milan, Fassone in China for money and Lippi

Posted on September 30, 2017 by Rossonero

La Repubblica reveals today that Marco Fassone will travel to China next week for a very important trip about the future of AC Milan. AC Milan’s Chief Executive Officer will be in Asia to discuss the situation with Yonghong Li on the repayment of 303 million euros to the American Fund, Elliott Management Corporation, and to look for sponsors that can enrich the corporate cash registers, in need of new revenue in order to improve the…

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