China blacklists businessman over RM36.5mil in unpaid debt

(FILES) This file picture taken on April 14, 2017 shows Yonghong Li, then-owner of the AC Milan football club, posing with a jersey of the club during a press conference in Milan. - The former Chinese owner of AC Milan on October 2018 has been added to Chinas blacklist of untrustworthy individuals over millions of dollars in unpaid debt, according to a local court, which ordered that his passport be confiscated. (Photo by MIGUEL MEDINA / AFP)

Beijing: The former Chinese owner of AC Milan has been added to China’s blacklist of untrustworthy individuals over millions of dollars in unpaid debt, according to a local court, which ordered that his passport be confiscated.

Li Yonghong (pic) emerged from obscurity to purchase one of Europe’s most high-profile and decorated football clubs from former Italian prime minister Silvio Berlusconi in 2017.