BLOG ITALIA
Thursday January 18 2018
More Milan lows than highs

Evaluating Milan's season so far, it's easier to pick out the lowlights than the few high points, writes Richard Hall, but Patrick Cutrone was a beacon of hope.

Milan would have welcomed the winter break more than most, after promise turned into disappointment almost from day one. In the early summer, 60,000 turned up to watch the new and most thought improved Milan squad qualify for the Europa League via two preliminary rounds. The enthusiasm would start to drain as results worsened and the players failed to perform. Now on their second Coach of the season, they will be hoping for a better 2018.

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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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NEWS
Tuesday January 16 2018
Li: ’Milan rumours unfounded’

Milan owner Yonghong Li categorically rejects allegations of money laundering, and reserves the right to “take all necessary legal actions”.

It has been reported in recent days, notably by La Stampa and Il Secolo XIX, that the purchase of the club from Silvio Berlusconi was used to launder money.

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NEWS
Tuesday January 16 2018
Prosecutors receive Milan file

Rumours continue to swirl that Milan’s takeover is being investigated, with a report passed to the public prosecutor.

It was reported over the weekend that former owner Silvio Berlusconi was being investigated for money laundering, having sold the Rossoneri to Yonghong Li’s consortium last April.

The chief prosecutor denied that an investigation had been opened, while Berlusconi called the allegations ridiculous.

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Sunday January 14 2018
Berlusconi: 'Milan kept promises'

Silvio Berlusconi laughed off reports of a money-laundering investigation and assured Yonghong Li “kept all his promises” after the Milan takeover.

There were reports in the Secolo XIX and La Stampa newspaper that the authorities felt the club was sold for €300m more than its actual worth.

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NEWS
Saturday January 13 2018
No Milan investigation

The authorities have formally denied reports that Silvio Berlusconi is under investigation for money-laundering in Milan’s sale to Yonghong Li.

The reports emerged in both La Stampa and Il Secolo XIX newspapers this morning.

It was suggested the cost of the takeover in April was €720m, around €300m more than the club is actually worth.

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NEWS
Saturday January 13 2018
Milan money-laundering investigation?

According to La Stampa and Secolo XIX newspapers, Silvio Berlusconi is under investigation for money-laundering in the Milan sale to Yonghong Li.

The negotiations dragged on for months before the take-over was completed in April 2017.

The Rossoneri were deep in debt and the overall cost of the operation was €720m.

Today, both La Stampa and Secolo XIX newspapers claim that Milan were sold for €300m more than the club was actually worth.

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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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Tuesday January 2 2018
Milan snub Highbridge proposal

Milan will reportedly let the deadline with Highbridge expire and wait for other offers to refinance the €303m debt to Elliott Management.

The club has given BgB Weston an exclusive for another three days to find investors willing to refinance the loan from the US vulture fund.

Highbridge are the option they came up with, but news agency ANSA claim this evening that Milan are not convinced it’s the best deal they can get.

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BLOG ITALIA
Friday December 29 2017
The Borini era

Fabio Borini has been one of Milan’s star performers this season, but Elio Salerno worries what that says about the Rossoneri.

When the unsurprising news filtered through of Ricky Kaka’s retirement from football, his former club Milan were fresh off the back of another embarrassing defeat, this time a 3-0 humbling at the hands of lowly Hellas Verona which saw the Milan club’s campaign hit a new low.

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Keep up to date with the latest news and action from Spain's Primera Division with Football Espana - from the team behind Football Italia.