NEWS
Wednesday January 3 2018
Milan could issue bond

Milan could reportedly emulate city rivals Inter in releasing a bond to pay their debt to Elliott Management.

The Rossoneri are looking to refinance their loan from the U.S hedge fund, and had approached BgB Weston to find investors willing to make the investment.

There was an offer on the table from Highbridge, but it was reported last month that it was ’50-50’ if that would get through due diligence.

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NEWS
Tuesday January 2 2018
Milan snub Highbridge proposal

Milan will reportedly let the deadline with Highbridge expire and wait for other offers to refinance the €303m debt to Elliott Management.

The club has given BgB Weston an exclusive for another three days to find investors willing to refinance the loan from the US vulture fund.

Highbridge are the option they came up with, but news agency ANSA claim this evening that Milan are not convinced it’s the best deal they can get.

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BLOG ITALIA
Friday December 29 2017
The Borini era

Fabio Borini has been one of Milan’s star performers this season, but Elio Salerno worries what that says about the Rossoneri.

When the unsurprising news filtered through of Ricky Kaka’s retirement from football, his former club Milan were fresh off the back of another embarrassing defeat, this time a 3-0 humbling at the hands of lowly Hellas Verona which saw the Milan club’s campaign hit a new low.

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NEWS
Tuesday December 26 2017
Yonghong Li attends Milan Derby

Milan patron Yonghong Li will be in the stands for tomorrow’s Coppa Italia quarter-final against Inter, his first at San Siro in four months.

The TIM Cup clash kicks off at San Siro on Wednesday at 19.45 GMT.

Yonghong Li is a figure somewhat shrouded in mystery, but the Chinese businessman has a seat in the stands.

It’ll be his first visit to a game since a 2-1 win over Cagliari in August.

He has attended another Milan Derby, the 2-2 draw on April 15, just days after the completion of the takeover from Silvio Berlusconi.

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NEWS
Friday December 22 2017
Milan refinancing 50-50?

The Financial Times reports that Milan have just a 50-50 chance of refinancing their debt to Elliott Management.

The U.S. hedge fund provided around €300m to allow Yonghong Li to compete his takeover in April, with €128m owed by the club at seven per cent interest and €180m by the Chinese businessman at around 11 per cent interest.

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NEWS
Tuesday December 19 2017
Fassone: 'UEFA politically against Milan'

Marco Fassone insists UEFA rejected Milan Financial Fair Play proposals as a “political decision” and defended Yonghong Li’s refusal to give details.

The Rossoneri CEO spoke at a book launch and you can read the rest of his comments here.

While there are problems on the field with a 3-0 defeat to Verona, there have also been issues off it, with UEFA rejecting the proposed Voluntary Agreement for Financial Fair Play terms.

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NEWS
Tuesday December 19 2017
‘Milan won’t be excluded’

A former President of UEFA’s Financial Fair Play committee sees “a very remote possibility” of Milan being excluded from European competition.

The Rossoneri’s proposal for a voluntary FFP settlement was rejected last week, so they’ll now have to accept some sanctions from European football’s governing body.

“It could be a fine between €5m and €10m, plus another €15m conditioned on results,” Umberto Lago, former interim President and vice-President of th

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NEWS
Thursday December 14 2017
Elliott: ‘Confidence in Milan board’

A spokesperson for Elliott Management insists the hedge fund has “complete confidence” in the Milan board.

The website Calcio e Finanza reported that the American fund was already preparing to take control of the club, appointing Creative Artists Agency to find a new CEO and sporting director.

However, a spokesperson for Elliott Management has now spoken to the site in question, affirming their faith in the current Rossoneri regime.

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NEWS
Thursday December 14 2017
Milan await UEFA decision

UEFA will reportedly deliver their decision on Milan’s voluntary agreement for Financial Fair Play either today or tomorrow.

The Rossoneri submitted proposals for an agreement on FFP, which European football’s governing body allows for clubs which have recently changed ownership.

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NEWS
Thursday December 14 2017
Elliott make Milan preparations

It’s reported Elliott Management could even hold on to Milan if the club and owner Yonghong Li default on their debt.

The US hedge fund loaned the club and Li’s company, Rossoneri Sport Investment, a total of around €300m, which must be repaid by October 2018.

If that money isn’t paid back, then Elliott can take over the club, and would control all of the assets.

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