NEWS
Tuesday May 22 2018
Official: Milan fail FFP tests

UEFA have formally rejected Milan’s Financial Fair Play settlement agreement, so there will be a disciplinary hearing in June.

This decision had been in the air for some time, but this evening UEFA turned down the proposal to settle their FFP issues.

It means Milan and their books will now be analysed in depth, a hearing held in June and potentially serious repercussions for the club.

It’s possible they will block the transfer activity, give a hefty fine and potentially even exclude them from the Europa League.

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NEWS
Saturday May 5 2018
Yonghong Li targets Coppa Italia

Milan President Yonghong Li has flown in to attend the Verona game and Coppa Italia Final with Juventus. “I have great expectations.”

The Rossoneri are in action at 17.00 UK time (16.00 GMT) with Hellas Verona at San Siro in Serie A.

On Wednesday, they take on Juventus in the Coppa clash at the Stadio Olimpico in Rome.

“I certainly have great expectations for this game,” the patron told Milan TV.

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NEWS
Wednesday May 2 2018
Milan refinancing in 30-40 days

It’s reported Milan will be able to present a plan to refinance their debt to Elliott Management within 30-40 days.

Owner Yonghong Li had to borrow money from the hedge fund to complete his takeover of the club, and that must be repaid by October or Elliott can take over the club.

Today there was a brief shareholders’ meeting to approve the change of a bond structure, and MilanNews has a brief account of that meeting.

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NEWS
Saturday April 28 2018
ICC chief eyes Milan takeover?

Elliott Management are reportedly planning a takeover of Milan with International Champions Cup chief Charlie Stillitano, according to La Repubblica.

Yonghong Li completed his takeover a year ago, but this week former President Silvio Berlusconi stated at a political rally that “the way things are going, I’ll end up buying Milan back.”

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NEWS
Thursday April 26 2018
Berlusconi: 'I'd buy Milan back'

“If it keeps going like this, I won’t deny that sooner or later I’ll buy Milan back,” confessed Silvio Berlusconi at a political rally.

The businessman, media mogul and former Prime Minister of Italy was in charge of the club for 30 years until selling up to Yonghong Li in a deal worth €740m.

Berlusconi was at a political rally for his Forza Italia party in Udine this evening and spoke to the crowd.

“The way things are going, I’ll end up buying Milan back again,” he said.

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NEWS
Tuesday April 24 2018
Mirabelli at risk at Milan

It’s reported that Milan sporting director Massimiliano Mirabelli is in danger of being sacked, as Elliott Management are unhappy with his work.

The director arrived in April last year, and oversaw a €240m summer transfer campaign which included Leonardo Bonucci, Nikola Kalinic and Lucas Biglia.

This season’s minimum aim was Champions League qualification, but Saturday’s defeat to bottom club Benevento leaves them with no chance.

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NEWS
Thursday April 19 2018
Milan present Elliott guarantees

Milan will reportedly present UEFA with a guarantee that Elliott Management will support the club if Yonghong Li is unable to.

The Chinese businessman took over the Rossoneri in April last year, but he had to borrow money from U.S hedge fund Elliott to complete the deal.

Milan applied for a voluntary agreement on Financial Fair Play but it was rejected by UEFA, in part due to doubts about Li.

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NEWS
Friday April 13 2018
Fassone: Milan finances ‘very good’

Marco Fassone insists Milan’s finances are ‘very good’ and explains owner Li Yonghong has ‘three options’ to refinance the club.

Fassone’s remarks follow reports that one of Li’s companies were declared bankrupt, just six months before Milan were due to repay a €303m loan to hedge fund Elliott Management.

“Milan are very good from a financial and economic point of view,” the CEO told Gazzetta dello Sport.

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Thursday April 12 2018
Yonghong Li: 'Committed to Milan'

Yonghong Li sent an open letter to Milan fans on the one-year anniversary of his takeover. “We are fully committed in this project for AC Milan’s growth.”

The Chinese businessman completed the purchase from Silvio Berlusconi in April 2017, ending a 30-year era.

“Dear AC Milan fans,

“I’m very excited to say that today we are celebrating our first-year anniversary with the Club,” wrote President Yonghong Li on the official Milan website.

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NEWS
Tuesday April 3 2018
Milan postpone capital increase

Milan released a statement confirming the increase in capital has been postponed to April 13 after Yonghong Li missed the first deadline.

The €10m from China was meant to arrive by tomorrow morning, at 17.00 Italian time (15.00 GMT) on Wednesday April 4.

Amid reports the funds had still not been transferred this evening, the club released a statement to its shareholders.

It confirms the increase in capital has been postponed until 17.00 Italian time on April 13.

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