The Ricketts, one of America’s richest families, has confirmed their intentions to buy Milan and to make ‘long term investments to ensure lasting success.’
The days of Yonghong Li as the owner of Milan seem to be numbered, as he is in negotiations to sell the majority stake of the Rossoneri just over a year after completing the acquisition himself, taking the club from the hands of Berlusconi.
It is believed that Li is in talks with two different potential buyers, both American, and this evening (Friday), one of the investors came out in the open to confirm their intentions. Those investors are the Ricketts family, who own Major League Baseball’s Chicago Cubs and are, according to Forbes, the 66th richest family in the United States of America.
“The Ricketts Family (not just Tom) are interested in acquiring a controlling stake in Milan,” a statement made by the family reads. According to the Italian news agency ANSA, the statement was provided to different outlets through Edelman, the agency the Ricketts family chose to use for communications regarding the negotiations. “While Tom is the point person, the entire family and the family’s financial resources are involved in this matter, just like their ownership of the Cubs.
“The Ricketts Family brought a championship to the Cubs through long term investment and being great stewards of the team, its ballpark, the fans and the city of Chicago. They’d bring this approach to Milan (there’d not be rapid changes, but long-term investments to ensure lasting success).”
Milannews.it states that negotiations between the Ricketts and Yonghong Li are advanced. Han Li, Yonghong’s right-hand man, is in New York to negotiate. Sky Italia goes as much as saying that this statement could mean that the ‘closing’ is close and an official announcement could arrive next week.
This news is important in particular as today Yonghong Li failed to deliver the €32 million capital increase he was due to provide. As a result, it will be Elliott Management who will pay it instead. Yonghong has until July 9th to reimburse Elliott and could do so with the entry of a new shareholder.
Milannews.it claims that the acquisition of Milan is wanted by the entire Ricketts family and they are looking for a medium-long term project. The Rossoneri could soon become American.