Li Yonghong
| Li Yonghong | |||||
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| Born | September 1969 (age 47) | ||||
| Nationality | China | ||||
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| Occupation | businessman | ||||
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| Li Yong Hong | |||||||
| Simplified Chinese | 李勇鸿 | ||||||
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| Traditional Chinese | 李勇鴻 | ||||||
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| Hanyu Pinyin | Li Yǒnghóng |
Li Yonghong (born September 1969) is a Chinese businessman, co-owner and chairman of Italian football club A.C. Milan.
Li Yonghong also had a citizenship in Hong Kong S.A.R. of China by migrating there in 1994, which was considered as a "foreign" investor in mainland China due to separate legal jurisdiction of Hong Kong from the rest of China. Li Yonghong's ancestral home was located in Maoming, Guangdong Province. However, the actual place of birth was not known.
According CV provided by Li Yonghong to Duolun Industry, Li Yonghong was the director and general manager of a Hong Kong incorporated company Enson Enterprises Limited (Chinese: 安順企業有限公司) from 1994 to 1997 (a company dissolved by striking-off in 2000); the director and general manager of a Chongqing-based company (Chinese: 爱普科技) from 1997 to 2005, as well as chairman and CEO of Hong Kong-incorporated "Grand Dragon International Holdings Co., Ltd." from 2005.
However, according to the filings in Hong Kong Companies Registry, There was no such Li Yonghong in the board of directors of Enson Enterprises, nor in Grand Dragon.
Instead, Li Yonghong was the director of China Power Group (HK) Limited (Chinese: 華力寶集團(香港)有限公司), Hong Kong China Power Books Publication Co., Ltd. (Chinese: 香港華力寶圖書出版有限公司), Noble Wisdom Development Limited (Chinese: 卓彥發展有限公司) and LYH Investment Limited, according to the database of Hong Kong Companies Registry.
In August 2016, Fininvest, the parent company of A.C. Milan, signed a preliminary agreement with a Chinese investment management company Sino-Europe Sports Investment Management Changxing Co., Ltd. (Chinese: 中欧体育投资管理长兴有限公司) to sell the club for €520 million, plus the refurbishment of the credit-line from Fininvest to the club for about €220 million, valued on 30 June 2016 (A further €90 million was borrowed from Fininvest to the club from 1 July to the closing date). Sino-Europe Sports paid Fininvest €100 million immediately after the deal as deposit, and the closing date of the deal was set at December 2016.
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