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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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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