Milan President Li Yonghong Issues Statement

In regards to recent reports regarding money laundering facilitating the recent sale of A.C. Milan, club president Li Yonghong replied to the allegations.

“The articles recently published by the Italian newspapers ‘La Stampa’ and ‘Il Secolo XIX’, relating to an alleged money laundering investigation against the Fininvest group require me to make clarifications,” Li Yonghong, said in a statement published on the club’s website.

“A.C. Milan purchase process has always been carried out with the utmost transparency, compliance with regulations and correctness, with the support and advice of international financial and legal advisors,” the Chinese businessman continued. “All procedures were followed in full compliance with the laws and practices in force.”

“Therefore, AC Milan S.p.A., and myself as injured party of this unfortunate and unacceptable media campaign based on speculations and misleading information, we reserve the right to take all necessary legal actions to protect at best the image, the reputation and the financial solidity of AC Milan and of the reference group.”

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