AC Milan owner Li Yonghong has dismissed reports that he has been declared bankrupt in China as “fake news”. “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 Milan’s website. Vincenzo Montella was sacked in November and replaced by Milan youth team coach and former midfielder Gennaro Gattuso. We will do everything we can to bring the club back to the top,” Li insisted. “We are convinced we can reach new heights and reward all the AC Milan fans throughout the world.”

Source: Hindustan Times February 21, 2018 14:03 UTC