19 February at 10:05
In an astonishing report this morning, Italian daily Corriere della Sera claims that Milan owner Yonghong Li is bankrupt and that his assets will be auctioned off on Taobao.
Taobao is the Chinese equivalent of Ebay and this is not the first time that investigations have found the patron to be devoid of the funds and the China Securities Regulatory Commission has declared that an investigation is under way into illegal practices from his holding company Shenzhen Jie Ande, who are reported to have failed to disclose his bankruptcy.
Li bought the Rossoneri for around 740M last year, bringing to an end the era of Silvio Berlusconi after 30 years.
Li however, had to tak…
Read the full article at: http://www.calciomercato.com/en/news/milan-19827
