NEWS
Thursday June 21 2018
Milan majority could be sold

It’s reported a new investor could take over a majority shareholding in Milan, reducing Yonghong Li to a minority owner.

Rossoneri CEO Marco Fassone was in London yesterday to meet with potential investors, as the club awaits UEFA’s Financial Fair Play verdict.

This morning’s Corriere della Sera reports there is great optimism about a new investor in the club, and the new person could even take a majority share.

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NEWS
Tuesday June 19 2018
Milan risk UEFA ban

Milan will learn their Financial Fair Play fate tomorrow, and there’s a real risk they’ll be thrown out of the Europa League.

The Rossoneri have been denied both a voluntary agreement and a settlement agreement, so will be sanctioned by UEFA.

As well as losses in recent years, European football’s governing body has doubts about owner Yonghong Li.

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NEWS
Monday June 18 2018
Milan set for UEFA meeting

Milan will meet with UEFA in Nyon tomorrow, and expect to learn of their Financial Fair Play sanction by the weekend.

The Rossoneri have had both a voluntary agreement and a settlement agreement rejected, so face a wide range of sanctions, and could even be thrown out of the Europa League.

Tomorrow the club will plead its case before the Adjudicatory Chamber, and Gazzetta dello Sport reports that they have new arguments to put forward.

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NEWS
Friday June 15 2018
Milan make €75m loss

Milan’s board meeting didn’t touch on new investors, but the 2017-18 budget was approved with a loss of €75m.

The Rossoneri held a meeting today to read the budget, but as expected new investors weren’t discussed.

The remaining €32m which is due from owner Yonghong Li for a capital increase will be paid by June 28, according to MilanNews.

In addition, the budget for this season was approved, with a loss of €75m, in line with deficits last season.

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NEWS
Thursday June 14 2018
Fisher ready to invest in Milan?

John J Fisher, who has stakes in Celtic and San Jose Earthquakes, is reportedly the American interested in buying 35 per cent of Milan.

According to Mediaset Premium, the son of Gap Inc founders is eager to expand his sporting portfolio, as he is also the majority owner of Major League Baseball club Oakland Athletics.

He has some shares in Scottish football club Celtic FC and in MLS side San Jose Earthquakes.

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NEWS
Thursday June 14 2018
Milan shareholders’ meeting tomorrow

Milan will hold a shareholders’ meeting tomorrow, with the budget up to June 30 expected to show a €75m loss.

The last meeting was three weeks ago to approve a capital increase of €40m from owner Yonghong Li.

A new shareholder is expected to come on board to help with the financial burden, but Gazzetta dello Sport reports that person will not be confirmed tomorrow.

The main focus of the meeting will be to approve the budget up to June 30, which is expected to show a loss of €75m, in line with the €73.2m loss last year.

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NEWS
Wednesday June 13 2018
Milan in multiple take-over talks?

Yonghong Li is negotiating with multiple potential investors for Milan, it’s reported, and could soon become a minority shareholder.

According to financial newspaper Il Sole 24 Ore, the plan has changed with the Financial Fair Play settlement refused and October’s deadline to repay the Elliott Management loan edging closer.

The idea now is to find an investor who can immediately put in the €32m needed to increase the capital over the next couple of weeks, then slowly sell up his majority shares.

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NEWS
Monday June 11 2018
Milan close to new investor

Milan owner Yonghong Li is reportedly close to agreeing a deal with a new investor, believed to be an Italian entrepreneur.

There have been increasing doubts about the status of the Rossoneri’s Chinese owner, and both a voluntary agreement and a settlement agreement on Financial Fair Play have been rejected by UEFA.

Part of the reason for that were the doubts over Li and his debt to Elliott Management, who can take over the club in October if they’re not repaid the money they invested in the takeover.

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NEWS
Saturday June 9 2018
Al-Falasi new Milan investor?

Saeed Al-Falasi is again being linked with Milan, this time purchasing 30 per cent as a minority shareholder to help prop up Yonghong Li.

According to Oracolo Rossonero, the figure ready to buy 30 per cent of the San Siro side is the owner of International Triangle Group.

There had already been strong reports in La Gazzetta dello Sport of a possible takeover bid in March, but at the time, Yonghong Li rejected all offers.

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NEWS
Saturday June 9 2018
Yonghong Li seeks Milan investor

Yonghong Li intends to find a minority shareholder by June 30 to help provide the remaining €32.3m and keep Milan in his hands.

The President purchased the club just over a year ago with the aid of a massive loan from hedge fund Elliott Management, which must be repaid with interest for a total of €380m in October.

With Financial Fair Play parameters also causing problems and the potential UEFA could exclude the Rossoneri from Europe, it’s a race against time to find new income.

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