By the end of today there will be no payment appearing on Elliott's accounts as banks are already closed on Asia. The reimbursement of the €32M by Yonghong Li, however, could arrive on Monday morning [Il Sole 24 Ore]
At that point it's necessary to understand if it's gonna be too late. Elliott, in fact, could be ready to take over Milan on Monday at 9:00 AM and at the same time sell the club shares to Rocco Commisso [Il Sole 24 Ore]
Yonghong Li is dealing with a new potential buyer, rumored to be Asian or from Persian Gulf, who would help him in financing. But it's difficult that everything is settled in few hours [Il Sole 24 Ore]
David Han Li was present during the meeting between Fassone and Jorge Mendes in Madrid. The meeting was not related to transfer market but for the change of ownership, as Mendes is the intermediate for the Asian 'Mister X' who wants to buy Milan [Sky]
Yonghong Li has not reimbursed the €32M that Elliott had injected in Milan as capital increase in June 22. Li’s failure to repay the sum paves the way for the American hedge fund become the owner of the club
[@reuters_italia]
The possibility of Elliott granting Yonghong Li an extension until Monday to repay the money seems unfounded. Elliott destined to take possession of Milan [ANSA]
Il Sole 24 Ore:
In around one hour Elliott will start the takeover of Milan process. A letters will be sent to the parties involved. Yonghong Li aims to make the 32 million available on Monday morning
However, Li has little chances that his intentions see success (repaying Elliott on Monday) and Elliott could decide to sell Milan few days after their takeover is completed, maybe to Rocco Commisso or the Ricketts Family [Il Sole 24 Ore]
Yonghong Li is still in talks with a Russian investor, the Asian 'Mister X' who was discussed in recent days. He is a Russian living in Moscow. It was known that entrepreneur Alisher Usmanov was interested in Milan some time ago but there is no certainty it's really him.
Fassone left Milano along with Han Li a while ago. If Yonghong Li manages to close an agreement with an entrepreneur on Monday and repay Elliott the club would go to a new investor and Li retain a minority stake [Sky]