Yonghong Li receives offer from Arab group
Tonight AC Milan are busy in London but the club is playing also off the pitch. Yonghong Li is behind schedule to repay the loan and may sell a part of the club to an Arab group.
The month of April is decisive for the future of AC Milan, not only because of the on the pitch schedule but mainly off it. The club has promised to repay the entire loan to Elliot Fund by the end of the month and also on 20 April the Rossoneri management must meet with UEFA to discuss the Settlement Agreement after having concluded the refinancing issue. If the money are there then there will be no problems but otherwise AC Milan risks expulsion from European cups next season.
The club has about 35 days left to close everything but so far the signals are not promising. UEFA could still lend a hand to the Rossoneri if AC Milan asked for more time, granting a delay (no later than early June), if the Chinese ownership announces the intentions of adding a new partner in the club.
La Gazzetta dello Sport reports that an Arab group could be the solution. President Yonghong Li has received an offer from Saeed Al-Falasi, member of a noble family of the United Arab Emirates and owner of the International Triangle Group, active in various sectors, from trade to construction to brokerage.
