NEWS
Thursday June 7 2018
Preziosi considers Milan investment?

TeleLombardia claim that Genoa patron Enrico Preziosi is ready to buy up 20 per cent of Milan before becoming majority shareholder.

The club needs new investors after UEFA refused a settlement agreement and could still exclude the club from the Europa League.

Yonghong Li needs to pay back the loan to Elliott Management in October, which with interest is €380m.

According to TeleLombardia, Genoa President Preziosi is prepared to pay €150m to buy up 20 per cent of the Milan shares.

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NEWS
Thursday June 7 2018
Berlusconi: ‘Milan rumours ridiculous’

Silvio Berlusconi’s son brands rumours his father is the power behind the Milan throne as “a joke”.

An investigation by Rai 3 investigative programme Report on Monday looked into the takeover by Yonghong Li, who was financed by US hedge fund Elliott Management.

Report were particularly intrigued by the presence of a company called Blue Skye in the financing of the Milan takeover, as their leaders Gianluca D’Avanzo and Salvatore Cerchione are based in London with very strong links to previous Rossoneri patron Silvio Berlusconi.

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NEWS
Tuesday June 5 2018
RAI: 'Who really owns Milan?'

Investigative programme Report asked some very serious questions on Yonghong Li’s Milan takeover. “Nobody knows who the real owner of Milan is.”

The Chinese businessman bought the club from Silvio Berlusconi in April 2017 for €740m, but was only able to do so thanks to a loan worth €303m from US hedge fund Elliott Management.

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NEWS
Sunday June 3 2018
Yonghong Li accepts investors?

Milan patron Yonghong Li has agreed to accept an outside investor to help refinance his debt to Elliott Management, claim Mediaset Premium.

The Chinese businessman has surprisingly been in Italy since Tuesday and Milan Channel noted he flew back to Hong Kong today.

He did not meet with Coach Gennaro Gattuso or Milan directors Marco Fassone and Massimiliano Mirabelli.

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NEWS
Saturday June 2 2018
Yonghong Li already in Milan

Multiple sources claim Milan owner Yonghong Li and his business partner Han Li have been in Italy since Tuesday, but did not visit the club headquarters.

According to Sky Sport Italia and La Repubblica, the patron arrived in Milan on Tuesday, but kept his arrival a secret.

It’s not clear why he would do this, but Yonghong Li has not visited the club headquarters or the team’s training ground.

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NEWS
Friday June 1 2018
Yonghong Li to meet Milan deadline

Yonghong Li will meet Monday’s deadline for €10m, according to the Corriere della Sera, but must provide Milan another €30m by June 15.

The club owner remains under pressure from US hedge fund Elliott Management and members of the Board, who are pushing to enact an early takeover.

Yonghong Li was only able to buy the club from Silvio Berlusconi in April 2017 thanks to a high-interest loan from Elliott Management and that has to be repaid in full by October.

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NEWS
Thursday May 31 2018
NYT: Milan excluded by UEFA

The New York Times claims that UEFA’s financial investigators have recommended kicking Milan out of the Europa League for FFP violations.

The club was denied both a voluntary and settlement agreement after doubts were raised over the financial solidity of the club, their plans for future revenue and the status of owner Yonghong Li.

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NEWS
Thursday May 31 2018
Mayor: 'Inter more solid than Milan'

Mayor of Milan Giuseppe Sala discussed San Siro renovations and noted “Inter have more solid ownership, while Milan’s situation is objectively more difficult.”

The two clubs share use of the Stadio Giuseppe Meazza – commonly referred to as San Siro – though it is owned and run by the local council.

“We need San Siro to be different to what it is today, a stadium that is more attractive and can call in tourists or visitors during the week as well as on match days.

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NEWS
Thursday May 31 2018
Li owes €10m by Monday

It’s reported Milan owner Yonghong Li must provide €10m for a capital increase by Monday, or risk losing the club.

The Chinese businessman has pledged €60m to the club to help with running costs, but the previous payment was late.

U.S hedge fund Elliott Management provided both the club and the owner with the capital to complete the takeover, and can take over if they aren’t repaid by October.

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BLOG ITALIA
Wednesday May 30 2018
Milan fans prepare for the worst

After UEFA refused a settlement agreement, Milan’s possible punishment casts a cloud over their summer plans and future, writes Matthew Santangelo.

The Investigatory Chamber of UEFA Club Financial Control Body (CFCB) elected to refer the Rossoneri to the Adjudicatory Chamber of the CFCB for breaching the Financial Fair Play regulations, specifically with the break-even requirement; this after coming to a conclusion that the club held uncertainties with regards to refinancing of the Elliott Management loan to be paid this upcoming October.

Translation: Milan could be in some trouble.

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