AC Milan owner Li ‘committed’ to restoring past glories | 2018-04-14 |

AC Milan owner Li ‘committed’ to restoring past glories

Afp, Milan     13th April, 2018 09:36:21 printer

AC Milan’s Chinese owner Li Yonghong insisted Thursday he remains committed to the Serie A club as he marked the first anniversary of his takeover.

Former Italian prime minister Silvio Berlusconi’s 30-year ownership ended last April when he sold the club to Li’s Chinese-led consortium for 740 million euros ($913m).

Since then, there have been questions about the financial stability of the consortium that subsequently went on a 200-million-euro summer spending spree on new players.

“I’m very excited to say that today we are celebrating our first-year anniversary with the club,” Li, 48, said in an open letter to fans published on the club’s website.