Li Yonghong lost control of AC Milan in July when he failed to repay a loan from a hedge fund that had enabled him to buy the club. Photo: AP
Li Yonghong lost control of AC Milan in July when he failed to repay a loan from a hedge fund that had enabled him to buy the club. Photo: AP
Law

Chinese court blacklists former AC Milan owner Li Yonghong over US$10 million debts

Downfall of the man who bought one of football’s biggest clubs from Silvio Berlusconi continues as court finds no assets to repay creditor

Li Yonghong lost control of AC Milan in July when he failed to repay a loan from a hedge fund that had enabled him to buy the club. Photo: AP
Li Yonghong lost control of AC Milan in July when he failed to repay a loan from a hedge fund that had enabled him to buy the club. Photo: AP
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