"Milan" team fans received bad news. This morning the country's newspaper "Corriere della Sera" announced unwanted information - the club owner Yonghong Li is bankrupt in his homeland, where his assets are already being auctioned. Last year, the tycoon who bought one of the most famous European clubs for 740 million euros from Silvio Berlusconi did not calculate his possibilities - he himself raised 100 million euros and borrowed the rest. Unable to repay the debts on time, he fell into the sights of the creditors. In February, it is planned to sell the company "Zhuhai Zhongfu", which is valued at about 60 million euros, but Li owns only 12 percent of the shares. According to the media, the most shocking fact is that his business in his homeland was declared bankrupt last spring, just before he took over the "Milan" team. For example, the company "Zhuhai Zhongfu" was supposed to be sold a year ago, but everything was delayed due to appeals filed.
