In a statement on the club’s official website, he declared that "some media have irresponsibly reported fake news that has damaged the club, my companies, my family and myself".
"Following these irresponsible news reports, I would like to calm down the environment around the club and the team," Li wrote in the statement.
"We do not understand the purpose of these allegations, but they have now reached the point where the club is severely damaged by them and so are my companies and my family.
"I want therefore to take the opportunity to explain -- hoping this will be the last time -- that the situation concerning my assets is safe and sound and that both the club and my companies are steadily working."
"I, therefore, hope that no credit is given to the latest news that isn't true and that attention can be focused on what we all care about as in the management of and the improvements of the team and that we all keep supporting coach Rino Gattuso. We will do everything we can to bring the club back to the top."
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