The Milan is now 100% owned by Gerry Cardinale’s RedBird Capitals fund and the lawsuit brought by the Blue Skye company of Cerchione and D’Avanzo has today been withdrawn by the same lawyers of the Luxembourg company who have waived the freezing of the negotiations carried out by Elliott Fund.
THE CAUSE OF YONGHONG LI –
All over, or almost, because in reality at the end of September there will be another hearing for a lawsuit in Luxembourg and which will see the Elliott fund quoted by the former owner of the club Yonghong Li, who requested and obtained the freezing of over 300 million that they would represent the difference between the value of Milan at the time of Elliott’s enforcement of the pledge and the debt of the Chinese entrepreneur.
YONGHONG LI OR LEE SUI HAR? – However, there is a huge doubt revealed by Football and Finance and emerged from the papers of the Blue Skye trial. In fact, in the documents it is revealed that Rossoneri Sport Investment Co. Limited, a Hong Kong company that owned the shares of Milan before the transition to Project Red Black, is attributable not to Yonghong Li, but to this Mr. Lee Sui Har. Who was really the owner of Milan?
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