NEWS
Sunday March 25 2018
Gazzetta: Li money-laundering inquest?

La Gazzetta dello Sport claim there’s another investigation into Yonghong Li’s takeover of Milan, this time looking at money laundering.

The situation is increasingly fragile at the club, with a missed deadline to pay €10m – although Milan Channel today insist the cash is on its way – and the prospect of more loans from hedge fund Elliott Management to increase the capital in June.

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NEWS
Saturday March 24 2018
Milan shareholder sees Li exit

Milan shareholder Giuseppe La Scala believes owner Yonghong Li is “weak economically and financially, so should negotiate a less painful transition with Elliott.”

The situation is degenerating with multiple reports over the past few days that an investigation has been started into Li’s takeover from Silvio Berlusconi and a letter sent by the club demanding €10m missed its deadline.

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NEWS
Saturday March 24 2018
Milan give Li until April 4

Milan are reportedly ready to wait until April 4 for Yonghong Li to provide the missing €10m before Elliott Management steps in.

The deadline was yesterday for the Chinese patron to pay the remaining €10m and increase the capital, but there was no sign of the money.

According to the Corriere della Sera, the club’s Board of Directors has decided to wait until April 4 to see if Yonghong Li is able to put together the cash or find a new bank bond.

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NEWS
Friday March 23 2018
Monaco owner denies Milan interest

AS Monaco owner Dmitry Rybolovlev has released a statement denying interest in the takeover of Serie A side Milan.

The reports had spread in Tuttosport and Foot Mercato, following difficulties in financing the club by Yonghong Li.

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NEWS
Thursday March 22 2018
Usmanov: 'No Milan proposal'

Russian billionaire Alisher Usmanov insists he has “not received any proposals to acquire AC Milan” after today’s speculation.

Newspaper Libero had reported that Usmanov was considering a takeover from Yonghong Li.

However, his spokesperson contacted us to deny the story.

“Mr. Usmanov receives many proposals to purchase football clubs, some of which are considered seriously and others which are not.

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NEWS
Thursday March 22 2018
Usmanov interested in Milan

Russian billionaire Alisher Usmanov is reportedly interested in buying Milan, thanks to his relationship with Paul Singer of Elliott Management, but denied this link.

The Rossoneri are currently owned by Chinese businessman Yonghong Li, but numerous publications have expressed doubt about his finances.

Between them, the club and Li’s holding company Rossoneri Sport owe U.S hedge fund Elliott Management a total of €303m.

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NEWS
Thursday March 22 2018
Report: Milan ask Li for €10m

It’s reported Milan have written a letter to Yonghong Li, asking him to deposit €10m by tomorrow.

The Rossoneri need around €35m of capital before June 30, with rumours they may need another loan from Elliott Management.

Now Il Sole 24 Ore is reporting that the club has sent a letter to Rossoneri Sport Investment, the holding company owned by Li, asking for a capital increase of €10m by March 23.

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NEWS
Thursday March 22 2018
Investigation into Milan sale

It’s reported that the public prosecutor has opened an investigation into Silvio Berlusconi’s sale of Milan to Yonghong Li.

The Chinese businessman took over the Rossoneri in April last year, financed by loans from U.S hedge fund Elliott Management.

Now numerous sources, including Gazzetta dello Sport and Tuttosport, are reporting that Milan’s public prosecutor has opened an investigation into the sale.

Importantly, this is a ‘Model 45’ file, which means that there is no allegation of a crime in the initial inquest.

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NEWS
Friday March 16 2018
Elliott to give Milan extra money?

It’s reported Milan owner Yonghong Li could be granted a further €35m loan from hedge fund Elliott Management.

The Chinese businessman had to borrow around €180m to complete his takeover of the Rossoneri, with the club itself owing €123m through two bonds listed in Vienna.

Now Il Sole 24 Ore is reporting that Elliott is prepared to offer a further €35m, raising the debt of holding company Rossoneri Sport Investment, the club’s holding company, to €215m.

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NEWS
Thursday March 15 2018
Fassone reassures Milan fans

Milan CEO Marco Fassone reassured fans on their financial status, discussions with UEFA and tonight’s Europa League trip to Arsenal.

It kicks off at 20.05 GMT, click here for the line-ups and Liveblog.

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