Former AC Milan owner Li Yonghong missed the deadline to repay part of a loan worth more than €300 million from the US-based hedge fund and Elliott has repossessed the holding company in Luxembourg that Li used to buy the seven-time European champions in April 2017. Photo: AP
Jonathan White
Opinion

Opinion

Jonathan White

AC Milan Europa League ban overturned but Chinese ex-owner Li Yonghong’s soft power grab leaves lasting damage

Mysterious businessman Li Yonghong forced out by US hedge fund, but AC Milan face struggles despite Court for Arbitration of Sport overturning Europa League suspension

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Former AC Milan owner Li Yonghong missed the deadline to repay part of a loan worth more than €300 million from the US-based hedge fund and Elliott has repossessed the holding company in Luxembourg that Li used to buy the seven-time European champions in April 2017. Photo: AP
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