Tuttosport: Monaco president interested in buying AC Milan

Tuttosport reports that Dmitriy Rybolovlev, president and owner of Monaco, is weighing up the possibility launching a takeover bid for AC Milan.

The rumors related to a possible new sale of the club don’t seem to spot. According to reports by Tuttosport, several international entrepreneurs are ready to help Mr. Li or even to take over his shares. Recently there have been talks about the interest of the Arab emir Al-Falasi and above all of the Russian tycoon Alisher Usmanov, who owns a 30% stake at Arsenal and has good ties with Elliott Fund.

But the latest rumors speak of real interest also from Dmitriy Rybolovlev, a well known name in the football world. Rybolovlev is the president of French club Monaco, a Russian entrepreneur, owner of a potassium producing company (Uralkali) and with a personal wealth of 9.1 billion euros. One of the richest Russians in the world.

Rybolovlev is thinking of selling his majority stake in the Principality club before launching a takeover bid for AC Milan. The Russian billionaire is to be observing the financial situation of AC Milan and club president Yonghong Li. If within two weeks he doesn’t deposit 10 million euros then effectively Elliot Fund have the right to replace him as AC Milan president.

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