It actually looks like it.
It’s done. Milan sold. Not to Mr Bee. Not to Sonny Wu consortium. Not to Mendes-Fosun group, but out of nowhere to Yonghong Li.— James Horncastle (@JamesHorncastle) August 5, 2016
James Horncastle, BT Sport’s Serie A man and Guardian Football Weekly member has announced that Yonghong Li has purchased Milan.
I’ll be upfront and honest. There’s no clear picture on exactly who Yonghong Li is. That doesn’t mean he’s a sinister figure or someone to be worried about, as I imagine most Chinese websites won’t be full of info on Silvio Berlusconi either!
Seems Berlusconi has got his wish + new owners will invest €350m in 3 years. €100m once takeover formally completed pic.twitter.com/bEhRAMQThO— James Horncastle (@JamesHorncastle) August 5, 2016
Well, that’s good news. The delay of the sale revolved around Berlusconi’s investment request. It’s unsure where the €350 million will be spent, but one can hope that it goes directly into the transfer market to bring in some new players!
Details of the deal reportedly include £350m to invest in the club over the next 3 years, as per a request by Berlusconi. #ACMilan— DevilWearsRossonero (@SBNRossonero) August 5, 2016
As I stated earlier, information on Milan’s potential new owner is scarce. That being said, a ‘Yonghong Li' appears in the infamous Panama Papers as a shareholder of the offshore Panama based company - ALKIMIACONST S.A. It's not certain if this Li is the same gentleman who has purchased Milan.
Things might just be turning around. We will keep you updated.