The deal that would see Rocco Commisso take over as primary owner of Milan might not be dead, but it’s on life-support.
The American businessman put out a statement yesterday confirming his interested in buying a controlling interest from Yonghong Li and expressing his frustration with the current owners of Milan.
The statement read, in part:
Mr Commisso has worked tirelessly with the assistance of his advisors to formulate and negotiate a transaction beneficial to this historic club, its loyal fans, the current ownership and the community of Milan.
Despite his best efforts and genuine belief that an agreement had recently been reached, it appears that the current ownership is not willing to conclude a deal on acceptable terms in a timely manner.
Given Mr Commisso’s passion for the game of soccer and ties to his native Italy, this is an extremely unfortunate situation for him personally.
However, he hopes the end result of this process leads to a stable and successful future for this iconic club.
How much pressure this statement puts on Li remains to be seen, but at this point the deal between Commisso and Li looks pretty dead in the water. There will likely be another attempt at a deal with another potential owner for Milan, but for now, it doesn’t look like it will be Commisso.
On to the links.
AC Milan and Italian Football Links
World Football Links
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