Former AC Milan owner Yonghong Li has taken aim at the club's current president.

Scaroni was a member of Li's board during his time with the club.

“It was an exasperating time," he told Forbes.

“Mr. Scaroni was cordial, well-spoken and seemed to know everyone in Italy, particularly Milan.

“At the time we trusted him, he was our board member, and now he's President.

“And like us, I'm not sure Rothschild was fully aware of what Scaroni was up to behind-the-scenes and if he used any inside information for his own benefit, or for the benefit of Elliott.

“Looking back, it is impossible to ignore Mr. Scaroni's role in all of this. The conflict of interest could not be more apparent to us."