Li given Milan ultimatum?

Elliott Management will reportedly salvage fee of Milan if Li Yonghong does no longer make investments €10m by early subsequent week.

According to Sky Sport Italia, Li has been given an ultimatum by Milan’s board, along with his situation weakened by UEFA’s decision to reject the settlement agreement he spearheaded final week.

Consequently, the Chinese businessman would want to commit to the €40m capital amplify popular by shareholders by the discontinue of June or lose the Rossoneri ‘in an automatic transfer’ to Elliott.

The broadcaster provides he’ll additionally be pressured to give up his membership on the club’s board.

As for the formula the hedge fund would space up Milan, Sky explains this is capable of per chance first glimpse to ‘balance their books and create them more solid in an financial sense’, to be ready to attract probably buyers.

On the opposite hand, Elliott can even merely defend to defend the Diavolo, given Gordon Singer – son of the American fund’s founder Paul Singer – is described by the broadcaster as a large soccer fan.

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