NEWS
Saturday October 20 2018
Austerity measures for Milan?

Milan could face a period of severe austerity measures to balance the books with Financial Fair Play after the Yonghong Li debacle.

The club had originally been excluded from the Europa League due to FFP failures, but after Yonghong Li defaulted on loan repayments and they were essentially repossessed by US hedge fund Elliott Management, they won an appeal with the Court of Arbitration for Sport to be let back in.

However, the situation is far from resolved and La Gazzetta dello Sport warn tough times are ahead for Rossoneri supporters.

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 October 17 2018
Li banned from leaving China?

Former Milan owner Yonghong Li has reportedly had his passport revoked by Chinese authorities, after running up too many debts.

The businessman bought the Rossoneri from Silvio Berlusconi in April 2017, but the takeover was suspicious from the start.

His consortium missed several deadlines to pay the money to complete their purchase, and when they eventually did it was with a loan from U.S hedge fund Elliott Management.

This summer Li failed to wire money for a capital increase, and the fund seized control of the club.

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

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

NEWS
Tuesday October 16 2018
Marcotti: 'Milan believe in Elliott'

Gabriele Marcotti believes Milan fans have every reason to trust new owners Elliott Management, while it’s no surprise Lucas Paqueta preferred them to PSG.

The Italo-American pundit spoke to the Milan Weekly Podcast about some of the themes surrounding the Rossoneri, above all Elliott Management repossessing the club after Yonghong Li failed to keep up loan repayments.

His other comments on the Italy squad and Nations League campaign are here.

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

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

NEWS
Monday October 15 2018
Mirabelli: ‘Confused by Li’

Former Milan sporting director Massimiliano Mirabelli admits Yonghong Li’s ownership “left us all surprised”.

The mysterious Chinese businessman took control of the Rossoneri in April 2017, and appointed Mirabelli as his sporting director.

The Italian was sacked when Elliott Management forced out Li, and it appears he was as confused as anyone by his time at San Siro.

“That’s everyone’s thought,” Mirabelli responded when asked about Li by 7Gold.

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

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

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.

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

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

NEWS
Sunday October 14 2018
Suso: 'Milan calm after Chinese mess'

Suso is happy at Milan after the “mess of the Chinese takeover” was resigned to history. “Now there are people who know about football.”

The club was under Silvio Berlusconi’s control for over 30 years, but sold to Yonghong Li in April 2017 with the aid of massive loans from US hedge fund Elliott Management.

When Yonghong Li failed to keep up repayments, Milan were essentially repossessed by Elliott.

“Everything has calmed down after the mess of the Chinese takeover,” Suso told Spanish newspaper Marca.

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 October 13 2018
Maldini: 'Return to Milan principles'

Paolo Maldini explained how he came to take on a new job at Milan, as he and Leonardo “try to return to those principles” from their heyday.

The Rossoneri legend returned as a member of staff after US hedge fund Elliott Management repossessed the club from Yonghong Li.

He had been approached by the Chinese businessman first, but was immediately said he wasn’t convinced by the financial guarantees and project put forward.

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 October 6 2018
Raiola: 'Zlatan prepared for Milan talks'

Mino Raiola said he and LA Galaxy star Zlatan Ibrahimovic are “prepared to talk” to Milan about a move now that they are under new ownership.

The Swede turned 37 this week, but reports continue to gather pace that he could make a return to the club he represented from 2010-12.

“At the moment it’s not a possibility, because the conversations we had with the club are not current, but we are prepared to talk,” agent Raiola told Rai Sport.

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 October 4 2018
Milan owner in Forbes 400

Milan owner Paul Singer has been named as one of the top 400 wealthiest Americans by Forbes magazine, worth $3.2bn.

His hedge fund, the Elliott Management Group, provided Yonghong Li with the loans to purchase Milan from Silvio Berlusconi in April 2017.

When the Chinese businessman failed to keep up with repayments, Elliott repossessed the holding company and essentially took over the club.

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

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

NEWS
Tuesday September 25 2018
Milan repay Li bonds

Milan have officially announced the early repayment of two bonds worth a total €128m issued by former owner Yonghong Li.

The Chinese businessman issued the two bonds to repay the €73m shareholder loan granted by Rossoneri Sport Investment Lux and fund transfer activity.

He was ousted by U.S hedge fund Elliott Management, and it has today been announced that the bonds have been repaid, effectively clearing the financial debt.

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

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