Fisher ready to invest in Milan?

By Football Italia staff

John J Fisher, who has stakes in Celtic and San Jose Earthquakes, is reportedly the American interested in buying 35 per cent of Milan.

According to Mediaset Premium, the son of Gap Inc founders is eager to expand his sporting portfolio, as he is also the majority owner of Major League Baseball club Oakland Athletics.

He has some shares in Scottish football club Celtic FC and in MLS side San Jose Earthquakes.

Yonghong Li is said to be in negotiations to sell part of Milan, as the October deadline to pay back the loan to Elliott Management is approaching fast.

Even before that, he must find €32m to increase the capital within the next couple of weeks.

La Repubblica suggests Fisher is only one of several American investors prepared to buy into AC Milan, purchasing 30-35 per cent of Yonghong Li’s stake.

They are hoping to make it official before UEFA holds a disciplinary hearing on Financial Fair Play irregularities on June 19, hoping it’ll lead to a less damaging verdict.

The Rossoneri risk being excluded from the Europa League after UEFA refused both a voluntary and settlement agreement over FFP problems.

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