Calcio e finanza are reporting that former ac milan owner yonghong li will have a run in with creditors over a loan he took out to buy the club back in 2017. He was known for his short lived ownership on a c.
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Rossoneri sport investment lux led by yonghong li finally completed their purchase of a 99 9 per cent stake in milan after seeing a closure on an agreement persistently pushed back.
Yonghong li ac milan. Yonghong li took control of milan three years ago and his tenure feels like a distant memory now but he reflected upon his time at the club during an interview with us earlier this year including the lavish spending the rossoneri carried out in that first. Thu apr 13 2017 1 46 pm. Milan as well as his stock market transactions in the mainland china.
Li yonghong born 16 september 1969 is a chinese businessman. Li took over the club in the summer of 2017 and lost it in about a year when he defaulted on his loan with elliot management who seized the club thereafter. Reports claim he is unable to pay back high interest loan taken from hedge.
The franck of tanks. At the time the public narrative blamed almost everything on the chinese investor yonghong. Li yonghong was born in guantang village daqiao town huazhou maoming guangdong province.
Yonghong li 李勇鸿 president owner li is a chinese entrepreneur that owns a 28 share 280m of a 48 floor skyscraper new china building in guangzhou china valued at 1. Of china by migrating there in 1994 claimed by himself which was. Epa 4 ac milan owner yonghong li pictured right with predecessor silvio.
Sat jun 04 2016 11 25 pm. Ex ac milan owner offers new insight into club sale alleging conflict of interest by paolo scaroni. Chinese businessman yonghong li took over ac milan amid dreams of the serie a giants conquering europe again credit.
Former ac milan president yonghong li is being chased by creditors over a loan he used to buy the club which he has failed to repay. Ac milan owner yonghong li declared bankrupt and businessman s assets will be auctioned off on chinese version of ebay. Li yonghong looked victorious as he held up an ac milan shirt outside the san siro the italian club s home ground and one of the great cathedrals of european football.
He also had a citizenship in the hong kong s a r. Ac milan were purchased for 740 million on thursday but who is yonghong li how was the deal financed and who will be on the club s new look board.
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