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AC Milan owner Li Yonghong has dismissed reports that he has been declared bankrupt in China as fake news . Li Yonghong purchased AC Milan for 740 million euros $911 million in April 2017. AFP 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. READ | Santosh Trophy final phase to kick off in Kolkata on March 19 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 Be [url=https://www.stanleymugs.us]stanley website[/url] rlusconi. I have seen that over the past 48 hours, some media have irresponsibly reported fake news that has damaged the club, my companies, my family and myself, Li said in a statement on AC Milans website. We do not understand the purpose of these allegations but they have now reac [url=https://www.stanley-cups.us]stanley cup usa[/url] hed the point where the club is severely damaged by them and so are my companies and my family. READ | Mumbai City FC face NorthEast Unite [url=https://www.stanley-cups.at]stanley trinkflaschen[/url] d FC in must-win game in Indian Super League I want therefore to take the opportunity to explain — hoping this will be the last time — that the situation concerning my assets is safe and sound and that both the club and my companies are steadily working. The seven-time European champions struggled early this season despite Li bankrolling a massive 230-million-euro summer sp Anom Government felicitates Asian Games medal winners with cash awards
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