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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NEWS
Tuesday May 29 2018
Maldini had 'formed an idea' on Milan

Paolo Maldini implies he saw Milan’s financial difficulties coming, “but we should wait for events at this point and see what happens.”

The club legend had been in negotiations for a role within Yonghong Li’s new Rossoneri project a year ago, but turned it down, telling reporters he was unconvinced by their plans.

Now that UEFA have refused to reach a voluntary or settlement agreement over Financial Fair Play and could throw Milan out of the Europa League, how does he see the situation?

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NEWS
Sunday May 27 2018
Report: Li rejected Milan bid

Milan’s board are reportedly studying ways to oust the Chinese owners, as Yonghong Li is said to have rejected a €450m takeover bid.

The Rossoneri will be sanctioned by UEFA for Financial Fair Play, with the governing body deciding not to offer them a settlement agreement.

Both the club and owner are in debt to U.S hedge fund Elliott Management, who funded the Chinese takeover last April.

If the fund isn’t repaid by October, they can take control of the running of the club.

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NEWS
Saturday May 26 2018
Milan looking at UEFA exclusion

There are growing concerns Milan could be excluded from the Europa League, as Elliott Management try to wrest control from Yonghong Li.

UEFA refused to reach either a voluntary agreement or a settlement agreement with the club over Financial Fair Play issues, meaning there will be a heavy penalty coming up next month.

La Gazzetta dello Sport claim there is increasing pessimism on the situation in the Milan camp, as there is the very real fear they could be excluded from the Europa League.

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NEWS
Thursday May 24 2018
Milan set Li deadline

Milan owner Yonghong Li is due to pay another €10m toward a capital increase by tomorrow, and reports suggest he could be removed if it doesn’t arrive.

The Chinese businessman bought the Rossoneri in April last year, but there have been persistent questions about his financial status.

UEFA have doubts about Li’s ability to sustain the club, and rejected a settlement agreement on Financial Fair Play earlier this week.

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NEWS
Thursday May 24 2018
Tension between Li and Fassone

It’s reported that there’s tension between Milan owner Yonghong Li and CEO Marco Fassone after UEFA’s Financial Fair Play decision.

The Rossoneri were denied a settlement agreement by European football’s governing body, and could now even be thrown out of the Europa League.

While a fine and squad limitations are more likely outcomes, the decision has proved embarrassing for the club’s board.

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NEWS
Wednesday May 23 2018
Report: American interest in Milan

Reports in Italy once again claim Miami Dolphins owner Stephen Ross could step in to take over Milan if Yonghong Li defaults on his loans.

The Chinese businessman had to borrow €180m from U.S hedge fund Elliott Management to complete his takeover, while the club itself owes around €128m.

These debts have to be paid by October, and the club has been seeking to refinance, taking a longer-term loan at a lower interest rate.

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NEWS
Tuesday May 22 2018
Why did Milan fail FFP parameters?

UEFA rejected the FFP settlement agreement with Milan because of concerns over Yonghong Li’s debt to Elliott Management and a lack of revenue.

“The Investigatory Chamber of the UEFA Club Financial Control Body (CFCB) has decided to refer Italian club AC Milan to the Adjudicatory Chamber of the CFCB for breach of the Financial Fair Play regulations, in particular the break-even requirement,” read the statement.

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NEWS
Tuesday May 22 2018
Milan risk UEFA exclusion

Milan could become the 17th club to be denied access to UEFA competition for failing Financial Fair Play tests, joining the likes of Galatasaray and Panathinaikos.

UEFA released a statement this evening confirming the negotiations over a voluntary agreement and settlement agreement had failed and the club will go to a disciplinary hearing next month.

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