NEWS
Thursday March 15 2018
Arab offer for Milan?

It’s reported that a member Dubai's royal family is interested in buying Milan, amid doubts over Yonghong Li’s finances.

The Rossoneri were bought over by the Chinese businessman last April, but a loan from US hedge fund Elliot Management was required to get the deal over the line.

If that money isn’t repaid the fund can take over the club, so the Diavolo are seeking to refinance that debt with another lender.

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NEWS
Tuesday March 6 2018
Milan work on refinancing deal

Milan are reportedly working to secure a refinancing arrangement before UEFA propose their settlement agreement.

The Rossoneri had a voluntary agreement rejected by European football’s governing body, largely due to concerns about owner Yonghong Li and the debt to U.S hedge fund Elliott Management.

That money has to be repaid by October or Elliott can take over the club, so the Diavolo are working to refinance.

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NEWS
Friday March 2 2018
Li to attend derby

It’s reported Milan owner Yonghong Li will attend Sunday night’s Derby della Madonnina against Inter.

The businessman took over the Rossoneri last April, but day-to-day running is left to Han Li, Marco Fassone and Massimiliano Mirabelli.

However, MilanNews reports that the patron will be in attendance at San Siro on Sunday night when the Diavolo face their city rivals.

The game could prove crucial for Champions League qualification, which is Milan’s minimum aim for this season.

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NEWS
Tuesday February 27 2018
Milan announce half-year results

Milan have announced a €22.3m half-year loss, an improvement on the €39.4m loss up to December 31, 2016.

The Rossoneri were taken over by a Chinese consortium led by Yonghong Li in April, and today the financial statements up to the end of 2017 were approved.

Revenue was slightly up on last year, at €106.5m compared to €101.8m, while operating costs also rose slightly from €108.2m to €110.8m.

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NEWS
Monday February 26 2018
Fassone: ‘No issue with Li finances’

Milan CEO Marco Fassone assures “the accounts presented to us have always been in order”, amid rumours about Yonghong Li’s financial situation.

The Chinese businessman bought the Rossoneri from Silvio Berlusconi in April last year, but needed a loan from hedge fund Elliott Management to complete the deal.

Ever since there have been rumours about his actual wealth, with Li forced to deny rumours that one of his companies filed for bankruptcy.

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NEWS
Tuesday February 20 2018
Yonghong Li: 'My finances are healthy'

Milan owner Yonghong Li released a statement hitting back at “irresponsible” reports on his financial status, which “are damaging the club.”

After the New York Times and Il Sole 24 Ore, the Corriere della Sera newspaper also published an investigation into his finances, claiming one of his companies was involved in bankruptcy proceedings even before the April 2017 club takeover from Silvio Berlusconi.

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NEWS
Tuesday February 20 2018
FIGC 'worried' about Milan finances

FIGC Commissioner Roberto Fabbricini admits he is “worried” about reports over Milan’s financial stability and “will contact the club.”

There have been investigations in the New York Times and Il Sole 24 Ore, but yesterday the Corriere della Sera newspaper also published an outline of the assets held by owner Yonghong Li.

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NEWS
Monday February 19 2018
Galliani: 'Yonghong Li funds checked'

Former Milan CEO Adriano Galliani believes Yonghong Li provided “all the necessary credentials” to prove his financial stability.

There have always been questions around the Chinese investor’s €740m take-over of the club, completed in April 2017, with investigations published by the New York Times and Il Sole 24 Ore.

Today the Corriere della Sera goes so far as to suggest Yonghong Li was already facing bankruptcy proceedings before buying the club.

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NEWS
Monday February 19 2018
Report: Milan owner bankrupt

The Corriere della Sera newspaper claims Milan owner Yonghong Li is insolvent and his assets will be auctioned off on Taobao (the Chinese version of eBay).

This is certainly not the first time questions have been raised on the financial status of the businessman, as the New York Times and financial paper Il Sole 24 Ore also ran investigations pointing to a lack of funds.

However, this latest report suggests the situation has precipitated to the point where Yonghong Li is essentially bankrupt.

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NEWS
Thursday February 15 2018
Milan work for refinancing deal

It’s reported Milan are working on a €250m refinancing deal with Elliott Management, separating Yonghong Li’s debt.

The Chinese owner got a €123m loan from Elliott, an American hedge fund, to take over the Rossoneri and that must be repaid by October.

As a result the Diavolo have been looking to take out another loan to repay the hedge fund, but the unclear status of Li has made it difficult to find a lender.

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