NEWS
Wednesday June 10 2020
Li: 'Scaroni backstabbed me'

Former Milan owner Yonghong Li has hit out at Paolo Scaroni, alleging a conflict of interest on the part of the club’s current President.

Li owned Milan during the 2017-18 campaign with Scaroni a member of his board at the time.

However, he was ultimately replaced as President by the 73-year-old, with Elliott Management gaining control of the Rossoneri after the Chinese businessman defaulted on a loan lent to him by the hedge fund.

“It was an exasperating time,” he told Forbes.

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NEWS
Thursday May 21 2020
Fassone: 'Milan needed quality not quantity'

Former Milan director Marco Fassone admits to regrets over the Rossoneri experience with Yonghong Li. ‘We should’ve focused on quality more than quantity.’

He was CEO of the Rossoneri from April 2017 to July 2018, covering the period that Yonghong Li owned the club, but the President defaulted on a loan repayment and Elliott Management repossessed the side.

“Let’s just say that the experience could’ve ended differently,” Fassone told Calciomercato.com.

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NEWS
Tuesday April 28 2020
Yonghong Li: 'Commisso offer an insult'

Former Milan President Yonghong Li has again criticised Elliott Management, won’t rule out a return and said Rocco Commisso’s takeover offer was “an insult.”

The Chinese businessman purchased AC Milan from Silvio Berlusconi in April 2017, but only did so thanks to a high-interest €303m loan from US hedge fund Elliott Management Corporation.

When Yonghong Li defaulted on the loan repayments, Elliott effectively repossessed the club as an asset in July 2018 and have been running the Serie A giants ever since.

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NEWS
Friday April 3 2020
Li slams 'emotionless' Elliott

Former Milan President Yonghong Li has hit out at current owners Elliott Management for treating the club like ‘an emotionless investment’.

Li was forced to hand Milan over to Elliott in July 2018 after he defaulted on a loan used to help buy the club, lent to him by the hedge fund.

However, the Chinese businessman [pictured, right] is not a fan of how the Rossoneri have since been run, claiming they ‘deserve better’.

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BLOG ITALIA
Sunday March 8 2020
Milan a dysfunctional family

Zvonimir Boban's sacking is just the tip of the iceberg, as Vijay Rahaman looks into the utter chaos that is the current Milan management.

AC Milan has always prided itself on being a "family club", but right now this legendary sporting institution is tearing itself apart, taking valuable attention away from on-field issues that still need fixing.

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NEWS
Monday January 13 2020
Lille: 'Elliott want to sell Milan'

Lille President Gerard Lopez claims Elliott Management intend to grow his club, whereas they “funded Milan to be bought” at a profit.

The US hedge fund is in control of Milan only because previous owner Yonghong Li defaulted on repayments on a €300m high-interest loan he had used to purchase the club from Silvio Berlusconi.

Elliott expanded their football investments by helping Lopez to fund Ligue 1 side Lille with another large loan of €140m.

However, the two approaches may well be different.

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NEWS
Wednesday January 8 2020
Han Li: 'Trust nobody at Milan'

Former Milan executive director David Han Li revealed what happened behind the scenes with Yonghong Li and Elliott Management. “The nightmare was real. We don’t trust anyone now.”

The entire affair caused immense confusion, as after purchasing the club from Silvio Berlusconi in May 2017 only to effectively have their holding company repossessed for failing to meet payments on a loan to hedge fund Elliott Management.

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NEWS
Wednesday November 20 2019
Yonghong Li breaks Milan silence?

Former Milan President Yonghong Li has seemingly broken his silence with an extraordinary offer to “help” the club. “I'm so sad at the way things are going now.”

A Twitter account purporting to be from the Chinese businessman appeared today with a series of messages telling his side of the story.

He purchased AC Milan from Silvio Berlusconi in April 2017 with the aid of a €330m loan from Elliott Management Corporation, but defaulted on repayments and the club was essentially repossessed in July 2018.

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BLOG ITALIA
Tuesday November 12 2019
The worst €200m ever spent

Just two signings from Milan's summer transfer splurge of 2017 started against Juventus. For Emmet Gates, it perfectly encapsulated the sheer recklessness of the Yonghong Li era...

Take a look at Milan’s starting XI in their 1-0 defeat to Juventus on Sunday, what do you notice? If you don’t have the time, or patience, to figure it out, it’s this: Hakan Calhanoglu and Andrea Conti were the only starters that were bought from Yonghong Li’s hedonistic summer spending spree of 2017. The sole survivors.

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BLOG ITALIA
Sunday November 10 2019
Accepting Milan as they are now

Football Italia Chief Correspondent Richard Hall looks at Milan’s plight and argues these are the times when true fans show their love for the club.

Mediolanum, that was a football kit, red and black, worn by Marco van Basten, Ruud Gullit, and Frank Rijkaard. So many names are in this chapter, San Siro was iconic already, but was even more so after this. George Weah, Paolo Maldini, Franco Baresi, even writing these few sentences brings a smile, Il Grande Milan.

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