NEWS
Friday June 28 2019
OFFICIAL: Milan out of Europa League

Milan have officially withdrawn from next season’s Europa League after reaching an agreement with UEFA over Financial Fair Play.

A Court of Arbitration for Sport (CAS) statement reads: “The Court of Arbitration for Sport (CAS) has issued a Consent Award embodying the agreement reached between AC Milan S.p.A and the Union of European Football Associations (UEFA) concerning breaches of the UEFA Financial Fair Play Regulations by the Italian club.

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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
Saturday June 15 2019
Commisso: 'I like to overdeliver'

New Fiorentina owner Rocco Commisso is “the sort of guy who likes to underpromise and overdeliver,” but pledges they won’t go the way of Yonghong Li at Milan.

The Italian-American billionaire who made his fortune in cable purchased the club from the Della Valle brothers and confirmed he’ll keep Coach Vincenzo Montella in the job.

He spoke to ESPN and was very eager to differentiate himself from overseas Serie A investors like James Pallotta, Joey Saputo, Suning Group or Elliott Management.

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NEWS
Monday June 10 2019
Milan lost €413m over five years

The Corriere dello Sport analysed Milan’s finances and warned they’ll reach June 30 running at a €100m loss for this year alone, €413m over five years.

As the Rossoneri await the verdict of their appeal against the Financial Fair Play penalties, with another UEFA case ready to go for even more violations, the situation remains extremely unstable.

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BLOG ITALIA
Friday May 31 2019
Milan dragged into modernity

Rather than downsizing of ambitions, fans should see the Ivan Gazidis revamp as dragging Milan into becoming a modern football club, writes Richard Hall.

A new era is emerging for the Rossoneri and it doesn’t include Gennaro Gattuso or Leonardo. Milan CEO Ivan Gazidis has moved on behalf of Elliott Management to make sure the club operate with a new philosophy, even if it is based out of necessity. There will be no more big transfer fees, there will be a concerted effort to balance the books and there will be a focus on youth. Whilst this might be an unfortunate situation for the red and black half of the city, it could just perhaps be the making of them.

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NEWS
Saturday May 25 2019
Commisso: 'I'm the American Dream'

Rocco Commisso is reported to be the new Fiorentina owner in a $150m deal, a man who calls himself “the fulfilment of the American dream” and a Juventus fan.

According to the New York Times, the takeover from Andrea and Diego Della Valle has been agreed and could be announced as early as Monday.

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NEWS
Wednesday February 27 2019
Galliani: 'Milan now with Milanisti'

Former Milan CEO Adriano Galliani maintains the club has “come back into the hands of Milanisti,” which was not the case under Yonghong Li.

Silvio Berlusconi controlled the club for 31 years with Galliani as his right-hand man, but sold it to Chinese investor Yonghong Li in April 2017.

When he defaulted on a loan used to buy the club, it was essentially repossessed by US hedge fund Elliott Management.

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NEWS
Tuesday February 26 2019
Mirabelli: 'Believe in Gattuso'

Former Milan director Massimiliano Mirabelli feels vindicated in picking Gennaro Gattuso and reveals failed negotiations for Lazio stars Ciro Immobile and Sergej Milinkovic-Savic.

The ex-director of sport is the man who pushed hard for Gattuso to be promoted from the Primavera youth team job in November 2017 when Vincenzo Montella was sacked.

“I am convinced this young Milan will go far over the next few years,” Mirabelli told RMC Sport radio.

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NEWS
Thursday January 10 2019
Milan want Li answers

Milan have reportedly requested assistance from China over Yonghong Li’s business affairs ahead of meeting UEFA on Friday.

According to ANSA, Milan have sent a letters rogatory, asking for the Chinese courts to help them piece together how Li funded his 2017 takeover.

Silvio Berlusconi agreed to sell the Rossoneri for €740m to the businessman, but it later emerged that he borrowed €303m from Elliott Management, which replaced him as the club’s owner after he defaulted on the loan.

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