It seems that a sale of the AC Milan football club is close, but the signings on the documents will not be done tomorrow, as some sources claimed recently.
InvestCorp and Elliott, the lawyers need more time...
According to what is reported by Class CNBC, the signing which was expected on this Friday is postponed. The reason behind this is that the lawyers involved in the negotiation need more time to draw up and sort every detail.
As per the same source, the agreement remains at 1.1 billion euros.
What of Yonghong Li?
Always according to sources at Class CNBC, the dispute of the former Chinese owner of AC Milan Yonghong Li with Elliott and his claims will not affect the final phase of the negotiations between the American hedge fund and the Bahrain-based asset manager InvestCorp.
