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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NEWS
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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NEWS
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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NEWS
Monday December 24 2018
‘Milan board knew about investigation’

Marco Fassone’s lawyer says the decision to hire investigators to follow journalists was “agreed and endorsed” by the whole Milan board.

It emerged yesterday that the final days of Yonghong Li’s disastrous reign were characterised by paranoia, with offices swept for bugs and employee phones searched.

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NEWS
Sunday December 23 2018
Milan hired PI to follow reporters

Milan reportedly had journalists followed by a private detective, went through their employees’ devices and swept offices for bugs during the Yonghong Li administration.

According to La Repubblica, the final months of the Chinese patron’s tenure were characterised by paranoia over leaked information.

The situation is emerging now because former CEO Marco Fassone is suing Milan for unfair dismissal.

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NEWS
Wednesday December 19 2018
‘Fassone fired for nothing’

Marco Fassone’s lawyer insists the former Milan CEO was “fired for non-existent reasons” and “defamed in the Press”.

The former Rossoneri director is suing the club for unfair dismissal, having been removed when Elliott Management ousted Yonghong Li, and his lawyer discussed the reasons.

“It’s very simple,” Francesco Rotondi told Pianeta Milan.

“He was fired for non-existent reasons and defamed in the Press in an incredible way by his own colleagues.

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NEWS
Tuesday December 18 2018
Fassone to sue Milan

Former Milan CEO Marco Fassone has decided to go through with suing the club on the grounds of unfair dismissal.

Fassone was ousted in July by Elliott Management, which took control of Milan after Li Yonghong defaulted on a loan lent to him by the hedge fund.

However, ANSA reports the 54-year-old has taken his appeal to the courts, with the first hearing to be held on Wednesday.

Fassone’s lawyer Francesco Rotondi argues his dismissal was ‘retaliatory’ and is therefore asking for it to be annulled.

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NEWS
Monday October 15 2018
Fans bail out Milan

Milan’s loss of €126m under Yonghong Li would have been far worse, were it not for higher than expected attendances.

The Chinese businessman bought the Rossoneri from Silvio Berlusconi in April of 2017, but he was forced out by Elliott Management, who bankrolled the takeover, just over 12 months later.

Last week the scale of the mismanagement was made clear by a €126m loss, but analysis from Calcio e Finanza reveals things could have been far worse.

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