Owning Milan had granted Berlusconi not only the chance to demonstrate his self-touted sporting acumen but important social and political capital as well. Was he really prepared to let all that go? Successive failed takeovers made it easy to believe he might not be.
First came an extended flirtation with Bee Taechaubol, the Thai businessman who had supposedly been willing to cough up half a billion Euros for a minority stake in the club. Then there was the talk of a US investment group and a mysterious “Chinese dame”.
Finally it was the turn of Yonghong Li, who made an initial €100m down payment towards purchasing the club in August last year. Yonghong Who? Well, Tyreek Hill Authentic Jersey quite. Gazzetta dello Sport sent reporters to China and struggled to turn up good information on the financier, the extent of his wealth or the identities of his partners in his Sino-Europe Sports (SES) consortium.
Nevertheless, a date was set for “closing” the sale in December 2016. It did not happen. A further €100m payment was madebut final settlement of the account was pushed back to February and then March. http://www.chiefsofficialsauthentic.com/CHIEFS-TYREEK-HILL-JERSEY There was still no deal done by the start of this month but now SES has been dissolved and replaced by a new investment vehicle named ‘Rossoneri Sport Investment Lux’.
This was a turning point at last. Just when many fans had abandoned hope, Yonghong Li completed his takeover on Thursday, at a valuation of €740m including debts. His timing, in the end, felt rather perfect. The Derby della Madonnina was scheduled for Saturday – Milan taking on an Internzaionale team who were themselves bought out by the Chinese commerce giants Suning last June.
Not that the two ownership groups should be viewed in equivalent terms. Andy Pettitte Womens Jersey Suning are one of China’s largest retailers, whereas Yonghong Li’s resources remain unclear. He is reported to have financed his deal in part through a €300m loan from Elliott Management Corporation, a fund with a reputation for investing in distressed debt.
Only with time will we know what Milan’s future truly looks like. http://www.authenticyankeeshop.com/authentic-46-andy-pettitte-jersey.html Among the terms of the sale was a line stipulating that: “The buyers have confirmed their commitment to perform an important recapitalisation and strengthening of the assets and financial position of Milan.” Even with substantial investment, though, it would not be easy in the next 31 years to equal the five Champions League titles that arrived during Berlusconi’s equivalent time at the helm.