Li Yonghong, AC Milan’s Primary Owner, is reported to be open to the possibility of selling 25% of the club to raise funds for their Elliott Management loan.
In another twist for the Rossoneri faithful, it seems Mr. Li does not actually have the money to stave off Elliot and Co. in the loan repayment efforts. So this is the course of action he has chosen.
After a Summer that saw over 200 Million Euros being spent on the makeup of the club, this is disappointing news since it was thought the new owners were flush with cash.
The latest development makes what happens on the pitch this season that much more important. That’s because in order to stave off UEFA and their Financial Fair Play rules, Milan have to qualify for European Competition again.
Under current Manager, Gennaro Gattuso, the club has performed incredibly well and with that, it might be enough for Milan to continue on an upward path.
Next up on Gattuso’s plate is a challenging matchup with English team Arsenal in the Europa League knockout stage, this Thursday.
Still, this does leave even more questions and few answers for the future of AC Milan.
What do you think about the latest developments in the owner saga? Let us know in the comments below.