More ownership drama at Milan, as Yonghong Li has reportedly turned down an offer to purchase the club amid rumors of board discontent.
#ACMilan’s board are reportedly studying ways to oust the Chinese owners, as Yonghong Li is said to have rejected a €450m takeover bid. https://t.co/VB27Y5exwg pic.twitter.com/nvKr8Hy2A7— footballitalia (@footballitalia) May 27, 2018
The potential punishments from UEFA are just the latest chapter in Milan ownership drama. Li is up to his eyeballs in debt to Elliott Management, and there are indications that the hedge fund is preparing to take control of the club because they, along with UEFA, believe that there is no way for Li to come up with the money to repay the €380 million loan that is due in October.
Now comes reports that Li is turning down offers to purchase the club from him, as he wants to get the money he paid for Milan back, however, it doesn’t look like that’s gonna happen. There is a reason that no one else was willing to pay the price he did for Milan. This whole situation is a disaster, and it’s gonna get worse before it gets better.
On to the links.
AC Milan and Italian Football Links
AC Milan could receive additional funding from Elliott Management, as they need financial support to avoid UEFA sanctions. [AC Milan Offside]
Roberto Mancini said that Gianluigi Donnarumma will play for Italy in their friendly against Saudi Arabia. [Football-Italia.net]
Writers for the Fiorentina blog Viola Nation take a look at their season and share their opinions. [Viola Nation]
World Football Links
Police are looking into death threats against Liverpool goalkeeper Loris Karius. [BBC.com]
Aston Villa’s failure to go up means that they will have to face the music in regards to their spending the past two seasons. [7500 To Holte]
Stoke City send Kevin Wimmer to Hannover on loan for the 2018-19 after spending £18 million on him last summer. [BBC.com]
Mo Salah says he will recover in time to play in the World Cup for Egypt. [Sky Sports]
Sporting Kansas City and the Columbus Crew SC played to a 0-0 draw in a match that was overshadowed by VAR controversy. [Blue Testament]