NEWS
Monday June 10 2019
Milan lost €413m over five years

The Corriere dello Sport analysed Milan’s finances and warned they’ll reach June 30 running at a €100m loss for this year alone, €413m over five years.

As the Rossoneri await the verdict of their appeal against the Financial Fair Play penalties, with another UEFA case ready to go for even more violations, the situation remains extremely unstable.

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BLOG ITALIA
Friday May 31 2019
Milan dragged into modernity

Rather than downsizing of ambitions, fans should see the Ivan Gazidis revamp as dragging Milan into becoming a modern football club, writes Richard Hall.

A new era is emerging for the Rossoneri and it doesn’t include Gennaro Gattuso or Leonardo. Milan CEO Ivan Gazidis has moved on behalf of Elliott Management to make sure the club operate with a new philosophy, even if it is based out of necessity. There will be no more big transfer fees, there will be a concerted effort to balance the books and there will be a focus on youth. Whilst this might be an unfortunate situation for the red and black half of the city, it could just perhaps be the making of them.

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NEWS
Saturday May 25 2019
Commisso: 'I'm the American Dream'

Rocco Commisso is reported to be the new Fiorentina owner in a $150m deal, a man who calls himself “the fulfilment of the American dream” and a Juventus fan.

According to the New York Times, the takeover from Andrea and Diego Della Valle has been agreed and could be announced as early as Monday.

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NEWS
Wednesday February 27 2019
Galliani: 'Milan now with Milanisti'

Former Milan CEO Adriano Galliani maintains the club has “come back into the hands of Milanisti,” which was not the case under Yonghong Li.

Silvio Berlusconi controlled the club for 31 years with Galliani as his right-hand man, but sold it to Chinese investor Yonghong Li in April 2017.

When he defaulted on a loan used to buy the club, it was essentially repossessed by US hedge fund Elliott Management.

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NEWS
Tuesday February 26 2019
Mirabelli: 'Believe in Gattuso'

Former Milan director Massimiliano Mirabelli feels vindicated in picking Gennaro Gattuso and reveals failed negotiations for Lazio stars Ciro Immobile and Sergej Milinkovic-Savic.

The ex-director of sport is the man who pushed hard for Gattuso to be promoted from the Primavera youth team job in November 2017 when Vincenzo Montella was sacked.

“I am convinced this young Milan will go far over the next few years,” Mirabelli told RMC Sport radio.

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NEWS
Thursday January 10 2019
Milan want Li answers

Milan have reportedly requested assistance from China over Yonghong Li’s business affairs ahead of meeting UEFA on Friday.

According to ANSA, Milan have sent a letters rogatory, asking for the Chinese courts to help them piece together how Li funded his 2017 takeover.

Silvio Berlusconi agreed to sell the Rossoneri for €740m to the businessman, but it later emerged that he borrowed €303m from Elliott Management, which replaced him as the club’s owner after he defaulted on the loan.

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NEWS
Sunday December 30 2018
Fassone suing Milan for €30m

Former Milan director Marco Fassone is reportedly suing the club for €30m in damages for unfair dismissal.

The ex-CEO has taken legal action against the Rossoneri and the matter is in the initial stages, but more details are beginning to emerge.

According to La Repubblica, Fassone’s lawyers are asking for €30m in various damages and missed earnings.

Fassone was the key figure in Yonghong Li’s failed administration, along with director of sport Massimiliano Mirabelli.

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NEWS
Monday December 24 2018
‘Milan board knew about investigation’

Marco Fassone’s lawyer says the decision to hire investigators to follow journalists was “agreed and endorsed” by the whole Milan board.

It emerged yesterday that the final days of Yonghong Li’s disastrous reign were characterised by paranoia, with offices swept for bugs and employee phones searched.

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NEWS
Sunday December 23 2018
Milan hired PI to follow reporters

Milan reportedly had journalists followed by a private detective, went through their employees’ devices and swept offices for bugs during the Yonghong Li administration.

According to La Repubblica, the final months of the Chinese patron’s tenure were characterised by paranoia over leaked information.

The situation is emerging now because former CEO Marco Fassone is suing Milan for unfair dismissal.

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NEWS
Tuesday December 4 2018
Mirabelli: 'CR7 and Auba at Milan'

Former Milan director Massimiliano Mirabelli reiterated he had a deal with Cristiano Ronaldo and Pierre-Emerick Aubameyang, while Yonghong Li’s exit was “absurd.”

The ex-director of sport under the Yonghong Li era, which ended with default on a loan and passage of the club to US hedge fund Elliott Management, spoke to TeleLombardia about his experiences.

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