NEWS
Tuesday April 3 2018
Milan waiting for Li money

Milan haven’t yet received the €10m sent by owner Yonghong Li last Tuesday, according to reports.

The businessman had pledged the capital increase to ensure the smooth running of the club until the end of the season, and last week it was reported that the money had been sent from China.

According to this morning’s Gazzetta dello Sport, the money was sent last Tuesday, but so far it hasn’t cleared with the bank.

No-one within the club doubts that the money will arrive, the newspaper reports, but there is a deadline of tomorrow.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

NEWS
Tuesday March 27 2018
Milan get Li money today?

It’s reported that Milan will receive the €10m capital increase promised by Yonghong Li later today.

The money was due to be paid on Friday but it never arrived, so the owner was given until April 4 to provide the capital.

Now MilanNews is reporting that there is optimism at Casa Milan that the cash injection will arrive later today.

A further €27.4m must be paid by June 30, in whatever form the board of directors deems most appropriate.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

NEWS
Tuesday March 27 2018
American takeover for Milan?

Reports in Italy claim Miami Dolphins owner Stephen M. Ross has asked for information about Milan’s situation.

The Rossoneri were taken over by Chinese businessman Yonghong Li last April, but he had to borrow over €300m from U.S hedge fund Elliott Management to complete the deal.

Holding company Rossoneri Sport Investment owes €180m, while the club itself has been saddled with €123m of debt.

If Li is unable to pay back the money by October Elliott can take over the club, so the owner is looking for a refinancing deal.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/