Ac Milan Owner Li Dismisses Bankrupt Reports As Fake News
Chinese businessman Li – who purchased the Italian club for 740 million euros ($911 million) in April 2017 – was responding to reports that he has been ordered to auction off his assets to repay unpaid loans to two banks. Italian daily Corriere della Sera claimed that the 48-year-old entrepreneur was already insolvent at the time he purchased the club from Italian media tycoon and former prime minister Silvio Berlusconi....