NEWS
Tuesday July 17 2018
Elliott's three-year Milan plan

Elliott Management aim to control Milan for three years and not one, it’s reported, selling two per cent to Riccardo Silva.

According to Sky Sport Italia, the takeover after President Yonghong Li defaulted on his debts won’t be a short-term operation seeking a new buyer.

The idea would be to set up a three-year project to get the club back on track, raise its value and then sell at a large profit.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Saturday July 14 2018
Maldini: 'Milan didn't call me'

Paolo Maldini insists “nobody has called me” from Milan’s new owners Elliott Management, but he has “always been open to talk.”

The club icon has been repeatedly linked with a role at San Siro, especially after Yonghong Li lost control to US hedge fund Elliott for defaulting on debts.

“Nobody has called me” from Milan, Maldini told Mediaset Premium.

“I have always been open to talk, so I’ve never closed the door on anyone for at least a dialogue.”

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Saturday July 14 2018
FT: Yonghong Li always doomed

As Yonghong Li seemingly won’t reply to Milan calls, the Financial Times outlined how Elliott Management’s takeover was inevitable from the start.

Chinese businessman Li came out of nowhere to purchase the club from Silvio Berlusconi in April 2017 for €740m, although €300m of it was from a high-interest loan.

US hedge fund Elliott Management were due to be repaid €380m (including interest) in October 2018, but never got that far, as Yonghong Li defaulted on a smaller additional €32m loan last week.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

BLOG ITALIA
Saturday July 14 2018
Rebuilding Milan's image

After Yonghong Li failed to repay his loan, Elliott have seized control and are working towards rebuilding Milan’s image, writes Matthew Santangelo.

Throughout the course of this ownership dilemma, Milan’s brand has taken quite a hit. The value of the Rossoneri image still remains tremendously high around the world, but the struggles during the past five to six years on the pitch, along with uncertainty at the top, calls for financial stability and total transparency under Elliott Management.

Do Not Exclude From Feeds
NEWS
Thursday July 12 2018
Milan want Arsenal director

New Milan owners Elliott Management have reportedly approached Leonardo, Sassuolo’s Giovanni Carnevali and Arsenal chief executive Ivan Gazidis.

The club is now in the hands of US hedge fund Elliott Management Corporation after President Yonghong Li defaulted on his debts, so the holding company was repossessed.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Thursday July 12 2018
Leonardo role in the new Milan?

Milan’s new owners Elliott Management have reportedly contacted former player, director and Coach Leonardo after Paolo Maldini turned them down.

US hedge fund Elliott now effectively run the club after President Yonghong Li defaulted on his debts, but a new Board of Directors will only be voted in after July 21.

According to Sky Sport Italia, the new patrons have approached Leonardo to ask if he would be interested in a new role.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Thursday July 12 2018
Milan still without a President

Milan won’t know the name of their new President or formation of the Board of Directors until at least July 21, it was confirmed today.

There was a meeting at Casa Milan today and lawyer Roberto Cappelli spoke to reporters outside.

“We had a meeting, but in the absence of the Chinese counsellors, we did not have the necessary quorum to pass any votes.

“At that point, a Shareholders’ meeting was called for July 21. That assembly will aim to renew the Board of Directors and revoke some counsellors.”

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Thursday July 12 2018
Milan board meeting today

The Milan board is expected to meet this afternoon to officially appoint new directors and oust Yonghong Li and the Chinese.

The club has been taken over by Elliott Management, after the owner failed to pay his debts to the hedge fund.

The American fund will now try to put the club on a more solid financial footing before selling it on, and today at 16.30 local time there is expected to be a board meeting.

According to ANSA, the new President will be Paolo Scaroni, the former CEO of Italian energy company Eni.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Wednesday July 11 2018
Scaroni new Milan President?

Elliott Management have taken over Milan and wholesale changes are expected, including Paolo Scaroni as President, but Rocco Commisso's entourage are doubtful.

The American hedge fund officially repossessed the club’s holding company after Yonghong Li defaulted on a debt of €32m, not even reaching the October deadline to repay the full €303m plus interest loan he used to purchase the side in April 2017.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk

NEWS
Wednesday July 11 2018
Report: Elliott write off Milan debt

U.S hedge fund Elliott Management has reportedly written off Milan’s debts, having taken over from Yonghong Li.

The Chinese owner had to borrow around €180m from the fund to pay for his takeover, while the club itself was loaned €73m initially, which rose to €128m to pay players and clear bank debt.

Those loans also carried a high interest rate, but MilanNews reports that after seizing control of the club the hedge fund has cleared the debt.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

See the latest Serie A predictions and betting tips with Eurotips.co.uk