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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NEWS
Monday December 11 2017
Fassone confirms UEFA conditions

Milan CEO Marco Fassone confirms UEFA’s “impossible” requests include settling their debt to Elliott Management right away.

The Rossoneri were bought by a Chinese conglomerate in April, but Yonghong Li’s group had to get a loan from the US hedge fund to get the deal over the line.

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NEWS
Thursday December 7 2017
What were UEFA’s Milan requests?

UEFA’s “impossible” prerequisites for Milan’s Financial Fair Play agreement reportedly included an immediate deposit of €150m to cover future debts.

The FFP commission will meet tomorrow to decide whether to grant the Rossoneri’s request for a voluntary agreement, but it’s expected that they will reject the proposal.

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NEWS
Thursday December 7 2017
UEFA: ‘No decision taken on Milan'

UEFA has released a statement confirming they haven't taken “a definitive position” on Milan’s Financial Fair Play voluntary agreement.

It has been widely reported that the FFP committee will reject the proposal put forward by Rossoneri CEO Marco Fassone, raising the possibility of sanctions.

However, the meeting will not be held until tomorrow, so officially there has been no decision as yet.

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NEWS
Thursday December 7 2017
Milan: ‘Ready for settlement agreement’

Milan’s official website declares they are “ready” for a settlement agreement if UEFA reject their voluntary agreement on Financial Fair Play.

The Rossoneri submitted plans in November to strike an FFP deal, as UEFA offers special dispensation to clubs with new owners.

However, multiple reports today state that the proposal will be rejected, and the club has responded on the news round-up section of its website.

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