Milan (AFP) – 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.
“I’d like to take this opportunity to stress once again we are fully committed in this project for AC Milan’s growth.
“Of course, we still have a long way to go to achieve our goal, which is to bring the club back to where it belongs: at the top of European football.
“While we are celebrating a positive first year, we know this is only the beginning of our project to make AC Milan successful and stable, a project we shall pursue aiming for excellence, and fully respecting all the financial commitments we undertook.”
It has been a turbulent first year for Li who was forced to issue a statement in February dismissing claims he has been declared bankrupt in China while Italian prosecutors are reported to have opened an investigation into his purchase following claims of suspect financial dealings.
Coached by former AC Milan midfielder Gennaro Gattuso the club are currently sixth in Serie A and through to the Italian Cup final in May.
200+ Channels With Sports & News
- Starting price: $33/mo. for fubo Latino Package
- Watch Premier League, World Cup, Euro 2024 & more
- Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
- Price: $69.99/mo. for Entertainment package
- Watch World Cup, Euro 2024 & MLS
- Includes ESPN, ESPN2, FS1 + local channels
Many Sports & ESPN Originals
- Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
- Features Bundesliga, LaLiga, Championship, & more
- Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
- Price: $4.99/mo
- Features Champions League, Serie A, Europa League & NWSL
- Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
- Starting price: $4.99/mo. for Peacock Premium
- Watch 175 exclusive EPL games per season
- Includes Premier League TV channel plus movies, TV shows & more
- England’s White eyes Euro glory to cap glorious career
- With royal backing and a Snoop Dogg rap, Malaysia minnows challenge best in Asia
- LAFC ‘perfect for me’ — Chiellini
- Three Boca supporters arrested for racism, Nazi salute in Brazil
- Lukaku completes return to Inter on loan from Chelsea
- German club wins inaugural European refugee cup
- Where to find Orlando City SC vs. Nashville SC on US TV
- Summer transfer market shakes up power dynamic among elite
- Where to find Vélez Sársfield vs. River Plate on US TV
- Lukaku ‘very happy’ as he arrives in Milan ahead of Inter return