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.