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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NEWS
Friday June 8 2018
Elliott deny Milan approach

Elliott Management have denied reports they contacted anyone to take a management role within Milan, having “the utmost respect” for the current directors.

The US hedge fund would take over the club if Yonghong Li failed to meet October’s deadline to repay the €380m loan.

The Corriere dello Sport claimed today that Elliott were preparing for a future post-Li, asking after Paolo Maldini and current Juventus director Beppe Marotta.

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NEWS
Thursday June 7 2018
Preziosi laughs off Milan rumours

Genoa President Enrico Preziosi joked about reports he’ll invest in Milan. “I’d be negotiating to buy Real Madrid…”

The story emerged on TeleLombardia this evening that toy tycoon Preziosi would spend €330m over two years to buy up 51 per cent of the Rossoneri from Yonghong Li.

Asked about this rumour on Genoa-based channel Primocanale, Preziosi replied with a smirk.

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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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