Yonghong Li: “I thank the fans for the patience, we promise we’ll lead Milan back to the summit of world football”

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Fans at San Siro (@acmilan.com)
@acmilan.com

Yonghong Li, the new owner of Milan, released a brief statement after completing the purchase of the club.

After so many delays and problems, Milan fans thought this day would never come but today, Yonghong Li and Han Li, through the holding company ‘Rossoneri Sport Investment Lux’, completed the €830 million acquisition of Milan ((€740m for the club + debts, and €90m more for Fininvest’s operational costs).

Right after the ‘closing’ was completed with the last of cent being delivered to Fininvest, the Chinese website sports.163.com managed to get a word out of Yonghong Li, who will soon be announced as the new President of the Rossoneri, replacing Silvio Berlusconi, who owned Milan for 31 years.

“I thank Berlusconi and Fininvest for their trust and Rossoneri fans all over the world for their patience,” he said this afternoon. “Milan is a world-renowned football club with the most glorious history. We’ve completed a key step on the road to revival, and for the future we promise that step-by-step we’ll lead this legendary team back to the summit of world football.”

There are still many question marks surrounding around Li and his financial power as an American hedge fund loaned him money to complete the takeover. All of those doubts will be forgotten, however, if Li indeed will manage to bring the seven-time Champions League winners back to glory.

In the joint press release announcing the sale, it was written that ‘The buyers confirmed their commitment to undertake significant capital increases and liquidity injections aimed at strengthening Milan’s financial structure’ and over the next weeks the plans to do that will most likely be clearer.

From renewals, to improving the squad in the summer, to dealing with the stadium issue – Yonghong Li has a lot on his plate, but he seems to be confident that slowly but surely, Milan will return.

11 COMMENTS

  1. I hope this works out cause this Yonghong Li and Han Li are nowhere to be found on forbes list anyway forza milano

  2. Hope these brokers are backed financially to bring Milan back but as he said – step by step, with strong foundations, good planing both on structural, financial level as on mercato, to construct a real, solid team for years to come

    It’s their move now, to put the money where the mouth is

    Forza Milan!

  3. Comment:Finally, at last, at the end, the take over is done. I hope we wouldn’t regret this. I pray that this takeover will make us happy for many years to come. Forza Milan forza Beulusconi.

  4. Obviously these guys are brokers. I just hope their backers haven’t lost interest or run for cover with all the huff and puff from the Chinese govt recently.

  5. Milan could end up like Inter transiting from Thoir (a broke) to real investor because the Chinese govt restrictions already affected these guys.

    Same thing happened to Manchester United when they were bought by some 2 brokers who borrowed money from banks and later sold it to real investors.

    Its difficult these days to see a solid buyers like Abrahamovic as world economy is constantly in trouble. Berlusconi and his family have done fantastic and its only right they sell seeing they cannot fund it again like before and the club running into debts. The Chinese are prudent business people and know how to turn around situations like this.

    Is it possible for Elliot Funds to give them financial backing if they are not credit worthy? NO!
    They might not be super rich but i believe they have they ability to put Milan in better shape before its sold again should they have difficulty to continue

    I am hopeful Milan will have a great future not just because of these new Chinese buyers but because it would end up in safe hand in the end. Remember Elliot fund also have the option to become Milan owners should the Chinese not able to pay the money they borrowed. More so, Elliot fund is giving the Chinese 5 year period to repay these loans and not 18 months as speculated hence, the Chinese could properly plan while also awaiting further development from China regarding their stuck funds they couldnt export due to restrictions.

    They have already been unfairly judged by some fans who did not follow the transactions to know the twists and turns involved. I personally wish them all the best and FORZA MILAN.

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