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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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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