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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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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