NEWS
Tuesday June 26 2018
Commisso on verge for Milan

Sky Sport Italia claim Rocco Commisso could agree a Milan takeover tomorrow, with Yonghong Li retaining 15-20 per cent of the stocks.

The US billionaire and New York Cosmos owner has made an offer to buy the club for €500m plus a guarantee to cover the €380m debt to hedge fund Elliott Management.

He would not be buying up 100 per cent of the club, at least not initially, with Yonghong Li retaining 15-20 per cent.

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NEWS
Tuesday June 26 2018
Li given 48 hour deadline?

It’s reported Rocco Commisso has given a 48-hour deadline to accept his offer for Milan, but Yonghong Li is waiting for Thomas Ricketts.

The New York Cosmos owner has made an offer to buy the club, believed to be around €500m plus a guarantee to cover the debt to Elliott Management.

However, he has no interest in entering into a bidding war and both Gazzetta dello Sport and Il Sole 24 Ore warn he’s given a 48-hour deadline.

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BLOG ITALIA
Tuesday June 26 2018
Save Milan - again

A year later and Milan are right back where they started, if not in an even worse position, and Susy Campanale can't believe some didn't see it coming.

I wonder how far it will take some people to admit they got it wrong? Every warning about Yonghong Li and the many question marks around his takeover of Milan from Silvio Berlusconi was dismissed with anything from snide remarks to virulent abuse. How long can you keep your head buried in the sand before you suffocate?

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NEWS
Monday June 25 2018
Commisso pushes for Milan

Rocco Commisso is reportedly pushing to close a deal for Milan by the weekend, paying €500m for the club and covering the Elliott Management debt.

The owner of the NY Cosmos and the Mediacom cable and broadband company has emerged as the main contender to invest in the Rossoneri, but he wants full control of the club.

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NEWS
Sunday June 24 2018
Milan demand 'equal rules for all'

Milan released a statement ahead of tomorrow’s expected FFP verdict outlining their work to balance the books and demanding “equal rules for all.”

UEFA are expected to exclude the Rossoneri from European competition for at least one year, perhaps two, with a fine somewhere between €10-30m for violating their Financial Fair Play limitations.

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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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