NEWS
Sunday June 24 2018
Commisso wants full Milan ownership

Rocco Commisso is eager to buy Milan outright, but this is reportedly not going down well with Yonghong Li or Elliott Management.

According to Sky Sport Italia, the owner of the NY Cosmos and the Mediacom cable and broadband company, wants to snap up 100 per cent of the shares immediately.

That could be a big bonus for the Rossoneri as they argue their case in front of the UEFA tribunal for Financial Fair Play irregularities.

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NEWS
Sunday June 24 2018
Milan risk two-year UEFA ban

Milan could be excluded from Europe for two years and fined €30m for FFP violations, while Rocco Commisso is identified as the potential buyer.

The Rossoneri are due to discover their future over the next tumultuous 10 days.

Not only are negotiations on-going in New York for Yonghong Li to sell at least part of his shares to NY Cosmos owner and Forbes 400 billionaire Rocco Commisso, but the club also faces the UEFA verdict over Financial Fair Play violations.

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NEWS
Saturday June 23 2018
Milan buyer Commisso 'American Dream'

Rocco Commisso, in talks to buy Milan, calls himself “the fulfilment of the American dream in all ways” and went from penniless immigrant Juventus fan to a $4.5bn fortune.

Multiple sources now state that Commisso is the US investor working with Goldman Sachs to purchase the majority shares in the club from Yonghong Li.

He has already done due diligence and is therefore a long way ahead of the other main contender, Tom Ricketts.

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NEWS
Saturday June 23 2018
Commisso favourite for Milan takeover

Multiple sources now state Rocco Commisso is leading the race to buy Milan after Yonghong Li missed an important payment.

Commisso was born in Calabria, but moved to America with his family at the age of 12.

He is the founder and CEO of cable television company Mediacom and since last year has been the owner of the New York Cosmos football club.

Sky Sport Italia, Mediaset Premium and others all maintain Commisso is in advanced negotiations to buy the club.

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NEWS
Saturday June 23 2018
Who is Milan's American buyer?

Il Sole 24 Ore are trying to identify the American investor in talks to buy Milan, narrowing it down to four possible names.

Yonghong Li failed to provide the €32m to increase the capital by the deadline, so it will be paid by hedge fund Elliott Management.

He has 10 days to repay that figure, or Elliott will effectively begin to call in his assets and start taking over the club.

Meanwhile, negotiations continue to sell the Serie A giants with reports of an American figure very strongly interested in a takeover.

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NEWS
Friday June 22 2018
Ricketts confirms Milan interest?

Tom Ricketts’ family are quoted in Italy as confirming the desire to become a “controlling stakeholder” in Milan.

Today Yonghong Li failed to pay €32m for a capital increase, with Elliott Management ready to step in and pay that.

The current owner has until July 10 to pay that back or lose control of the club, but it’s no secret that he’s looking for investment.

Now MilanoFinanza claims to have had an email from the Ricketts family confirming that the Chicago Cubs owner wants to take over.

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NEWS
Friday June 22 2018
Li misses Milan payment

Multiple reports state Milan owner Yonghong Li has failed to provide the €32m for a capital increase, effectively ceding control of the club to Elliott Management.

The Chinese businessman took over the Rossoneri in April last year, but had to take a loan from Elliott to get the deal over the line.

Under the terms of that loan, the fund can take over in October if they aren’t repaid, but Li had until 17.00 Italian time today to transfer €32m.

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BLOG ITALIA
Friday June 22 2018
FFP a work in progress

Since 2010, UEFA’s Financial Fair Play regulations have raised many questions, but have shown improvement, argues Matthew Santangelo.

It looks as if Milan will be excluded from Europe after they were refused both a voluntary and settlement agreement by UEFA, yet Paris Saint-Germain continue to spend with wild abandon and seemingly no consequences. Is it that simple, though?

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NEWS
Thursday June 21 2018
Elliott begin Milan takeover?

According to Il Sole 24 Ore, Elliott Management have begun their takeover of Milan by paying the €32m capital increase rather than Yonghong Li.

The Chinese patron was to meet another deadline imminently, but the €32m have been sent by US hedge fund Elliott and will be in the club’s bank account tomorrow.

Yonghong Li only managed to buy the club in April 2017 thanks to a massive loan from Elliott Management and that is due to be repaid in full in October.

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NEWS
Thursday June 21 2018
Ricketts to invest in Milan?

Chicago Cubs owner Thomas Ricketts is reported to be one of the investors interested in taking a stake in Milan.

The Rossoneri are seeking new investment, not least because of UEFA’s doubts about current owner Yonghong Li.

It was reported today that the new person is likely to be an American, with Marco Fassone meeting with two potential new board members in London.

Now MilanoFinanza is reporting that Ricketts is interested in taking a minority stake in the club.

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