NEWS
Wednesday January 8 2020
Han Li: 'Trust nobody at Milan'

Former Milan executive director David Han Li revealed what happened behind the scenes with Yonghong Li and Elliott Management. “The nightmare was real. We don’t trust anyone now.”

The entire affair caused immense confusion, as after purchasing the club from Silvio Berlusconi in May 2017 only to effectively have their holding company repossessed for failing to meet payments on a loan to hedge fund Elliott Management.

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NEWS
Tuesday December 3 2019
Fassone: 'Milan wanted Ibrahimovic'

Former Milan CEO Marco Fassone reveals they had already tried to sign Zlatan Ibrahimovic, while praising Gennaro Gattuso’s performances.

His tenure was short-lived under Yonghong Li and he was axed along with director of sport Massimiliano Mirabelli after the club was essentially repossessed by Elliot Management for unpaid loans.

“We had also suggested getting Ibrahimovic, and spoke to Mino Raiola at the time, but then we opted against it,” revealed Fassone on Tuttomercatoweb Radio.

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NEWS
Sunday August 25 2019
Boban: 'Milan logic, not fireworks'

Milan director Zvonimir Boban warns “it will take time, with logical choices rather than fireworks, but we will get back to the top. A low profile is not a lack of ambition.”

Former player Boban quit his job with FIFA to join Paolo Maldini and Ivan Gazidis in running the Rossoneri after chaotic spells under Marco Fassone, Massimiliano Mirabelli and Leonardo.

“It’ll take time, with logical choices rather than the pointless fireworks we saw in recent years, but we will get back to the top,” he told the Corriere della Sera newspaper.

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NEWS
Thursday August 1 2019
Fassone: 'Bonucci mistake, CR7 interested'

Ex-Milan CEO Marco Fassone confessed signing Leonardo Bonucci “was a mistake” and that Cristiano Ronaldo was open to joining them, but defended his choices.

The director was at the helm during Yonghong Li’s brief and doomed experience in charge, before the Chinese patron defaulted on loans and the club was repossessed by US hedge fund Elliott Management.

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NEWS
Thursday August 1 2019
Fassone: 'Yonghong underestimated Milan'

Former Milan CEO Marco Fassone insists Yonghong Li “underestimated the task of repaying the loan, but the final balance was ultimately positive.”

Fassone was placed in charge when Chinese businessman Yonghong Li purchased the club from Silvio Berlusconi for €740m, ending a 30-year reign, and continued to reassure fans that there were no financial problems.

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NEWS
Monday June 24 2019
Revealed: Milan's Fassone settlement

Marco Fassone has reportedly walked away from Milan with €4m – less than half he was hoping for.

Fassone officially ended his legal action against Milan over the weekend, and Il Sole 24 Ore claims he reached a settlement worth €4m.

Although less than the €30m that was being bandied about, the newspaper notes the CEO was requesting €10m.

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NEWS
Saturday June 22 2019
Fassone ends Milan legal action

Milan have officially reached an agreement with former CEO Marco Fassone after he had sued for unfair dismissal. “I wanted to clarify my actions were always fair and transparent.”

The CEO was brought in along with director of sport Massimiliano Mirabelli during the Yonghong Li era, which culminated in the Chinese owner defaulting on loan payments.

The club was then effectively repossessed by US hedge fund Elliott Management, who sacked Mirabelli and Fassone.

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NEWS
Monday June 17 2019
Berlusconi: 'Milan didn't hire professionals'

Silvio Berlusconi has blamed not Yonghong Li, but Marco Fassone and Massimiliano Mirabelli for Milan’s failure. “I thought he’d hire real professionals.”

The brief spell under the Chinese businessman was disastrous, because he failed to keep up with loan repayments and the club was effectively repossessed by US hedge fund Elliott Management.

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Friday February 22 2019
Fassone-Milan feud goes on

The case between Milan and former CEO Marco Fassone rumbles on as a new hearing is set for March 19.

Gazzetta dello Sport reports the decision was made by the labour court in Milan dealing with the case after both parties failed to reach an agreement on Thursday.

Calcio e Finanza writes the postponement will be ‘useful’ to see whether an out-of-court settlement can be found before then but accepts it will be ‘difficult’.

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Sunday December 30 2018
Fassone suing Milan for €30m

Former Milan director Marco Fassone is reportedly suing the club for €30m in damages for unfair dismissal.

The ex-CEO has taken legal action against the Rossoneri and the matter is in the initial stages, but more details are beginning to emerge.

According to La Repubblica, Fassone’s lawyers are asking for €30m in various damages and missed earnings.

Fassone was the key figure in Yonghong Li’s failed administration, along with director of sport Massimiliano Mirabelli.

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