NEWS
Wednesday January 17 2018
Elliott 'would sell Milan at auction'

If Yonghong Li doesn’t pay back his debt to Elliott Management, they will put Milan up for sale “to the highest bidder,” confirmed a representative.

The Serie A club takeover from Silvio Berlusconi was only completed thanks to a €303m loan from American hedge fund Elliott Management in April 2017, which has to be repaid in October.

Today TeleLombardia had an interview with Paolo Scaroni, a member of the Milan Board of Directors who represents Elliott’s interests and is the Vice-President of Rothschild.

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Wednesday January 3 2018
Milan could issue bond

Milan could reportedly emulate city rivals Inter in releasing a bond to pay their debt to Elliott Management.

The Rossoneri are looking to refinance their loan from the U.S hedge fund, and had approached BgB Weston to find investors willing to make the investment.

There was an offer on the table from Highbridge, but it was reported last month that it was ’50-50’ if that would get through due diligence.

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Friday December 22 2017
Milan refinancing 50-50?

The Financial Times reports that Milan have just a 50-50 chance of refinancing their debt to Elliott Management.

The U.S. hedge fund provided around €300m to allow Yonghong Li to compete his takeover in April, with €128m owed by the club at seven per cent interest and €180m by the Chinese businessman at around 11 per cent interest.

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Wednesday December 20 2017
Balotelli: 'I don't want Milan blame'

Mario Balotelli would love a return to Milan and was barred from saluting the squad. “I don’t want to be treated as saviour and cause of all ills.”

The striker is currently in his second season with OGC Nice in France, but the Ligue 1 side confirmed they won’t be able to afford his salary if they don’t quality for Europe.

A return to Italy and specifically his beloved Rossoneri has therefore been suggested.

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Wednesday December 20 2017
Fassone: ‘Reassured by Donnarumma’

Milan CEO Marco Fassone says he was “reassured” by Gianluigi Donnarumma’s Instagram post.

The goalkeeper has been linked with a move away from the Rossoneri, and a section of fans whistled and insulted him ahead of the Coppa Italia game with Verona.

“It was an ugly night that I didn’t expect!” Donnarumma later wrote on Instagram.

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Tuesday December 19 2017
Fassone: 'UEFA politically against Milan'

Marco Fassone insists UEFA rejected Milan Financial Fair Play proposals as a “political decision” and defended Yonghong Li’s refusal to give details.

The Rossoneri CEO spoke at a book launch and you can read the rest of his comments here.

While there are problems on the field with a 3-0 defeat to Verona, there have also been issues off it, with UEFA rejecting the proposed Voluntary Agreement for Financial Fair Play terms.

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Tuesday December 19 2017
Fassone: 'Kaka decision before Christmas'

Milan CEO Marco Fassone confirmed Ricky Kaka will “decide what to do” about his future before Christmas and explained their training retreat.

Kaka announced his retirement from football this week, but hasn’t yet made a decision on his future after a proposal to return to San Siro as a director.

“I spent an hour with Kaka and his Dad about 15 days ago,” revealed Fassone at a book presentation this evening.

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Tuesday December 19 2017
Raiola meeting delayed

A proposed meeting between Mino Raiola and Milan has reportedly been delayed after the defeat to Verona.

The Rossoneri are in ritiro after Sunday’s 3-0 loss to the Butei, meaning the whole squad will stay at Milanello in a form of punitive training camp.

In recent weeks there has been speculation over the future of goalkeeper Gianluigi Donnarumma, and a meeting was expected between CEO Marco Fassone and his agent, Mino Raiola.

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Friday December 15 2017
Fassone: UEFA issues nothing new

Marco Fassone claims Milan’s problems with UEFA are nothing new as the club “have breached Financial Fair Play regulations for several years.”

Milan were denied the Voluntary Agreement they had been banking on, but Fassone made it clear the club were still paying for the financial problems left behind by Silvio Berlusconi.

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Friday December 15 2017
Fassone: No need to sell players

Marco Fassone assures Milan have “no need to sell anyone”, while their squad is already ‘excellent’ and befitting of the Rossoneri’s ‘quality’.

It had been feared that Milan would have to raise funds in January, given the uncertain nature of their ownership, exacerbated by UEFA’s decision not to grant them a voluntary agreement, but Fassone promised to keep the current crop intact.

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