NEWS
Saturday November 18 2017
Mirabelli: 'Milan focus on facts'

Milan director of sport Massimiliano Mirabelli wouldn’t comment on Vincenzo Montella’s choices against Napoli, nor reports of financial problems.

It kicks off at the Stadio San Paolo at 19.45 GMT, click here for the line-ups and Liveblog.

“We think we’ve worked well in training, we know that we are facing one of the best sides in Serie A, so it’s a tough test,” Mirabelli told Mediaset Premium.

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Saturday November 18 2017
Moratti: 'Inter sale nothing like Milan'

Former Inter President Massimo Moratti claims their takeover cannot be compared to that of Milan because “our operation was fully transparent.”

The Yonghong Li purchase of the Rossoneri from Silvio Berlusconi continues to raise question marks, as while UEFA consider their Financial Fair Play plan, the New York Times ran a report on the empty offices of Li’s supposed mining company.

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Friday November 17 2017
Li under more Milan scrutiny?

Milan owner Li Yonghong finds himself under more scrutiny as it is reported that he is not a mining proprietor, amidst a history of business disputes.

The New York Times claims Li told Milan that “his holdings included phosphate mining operations”, yet Chinese records show that the mines are owned by investment company Guangdong Lion Asset Management, which has “involved a number of people with similar family names over the past two years.”

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Thursday November 16 2017
Report: Milan agree refinancing deal

It’s reported Milan have agreed a deal to refinance their loan from Elliott Management, though with a higher interest rate.

The Rossoneri were taken over by a Chinese consortium in April, financed by a loan from the U.S hedge fund.

Under the terms of the deal, if the €303m - circa €350m with interest - isn’t repaid within a year Elliott can take over the running of the club and sell their assets to get their money back.

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Sunday November 12 2017
Milan try to refinance Elliott debt

Milan could buy out hedge fund Elliott Management by refinancing their debt to last over five years instead of one.

There has been a great deal of speculation over the true financial status of the club after President Silvio Berlusconi sold Milan to Chinese investor Yonghong Li.

He only completed the purchase in April with the aid of a €303m loan from Elliott Management, an American hedge fund that specialises in buying up assets of businesses in trouble.

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Wednesday November 8 2017
Milan to present UEFA plans

Milan will present their proposal for a voluntary agreement regarding Financial Fair Play to UEFA tomorrow in Nyon.

The Rossoneri were bought over by a Chinese consortium led by Yonghong Li in April, at which point they proposed a voluntary agreement to meet FFP.

This provision is available for new shareholders, but European football’s governing body has to accept that there is a viable business plan to balance the books over the next four years.

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Thursday November 2 2017
Berlusconi: 'Forced to sell Milan'

Silvio Berlusconi said he was “forced to sell Milan, I found this Chinese gentleman who promised to spend €250m, but watching them hurts me.”

The former President and patron sold the club to Yonghong Li in April, but the results have barely improved despite signing 10 new players over the summer.

“It caused me great pain, but I could not continue like that,” Berlusconi told Maurizio Costanzo on Canale 5.

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Thursday November 2 2017
Berlusconi: ‘Disappointed by Milan’

Silvio Berlusconi is quoted as being “very disappointed” by the new Milan ownership as “new sponsors were planned which never arrived”.

The former Italian Prime Minister sold the Rossoneri to Yonghong Li’s consortium in April, after 30 years at the helm.

In an interview which will be broadcast tonight, Il Cavaliere said that watching the team now makes him feel bad, but Gazzetta dello Sport is carrying purported quotes to staff behind the scenes.

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Tuesday October 31 2017
Report: Milan make €32m loss

It’s reported Milan made a €32.6m loss in the first six months of 2017, a slight improvement on last year.

The Rossoneri were taken over by a Chinese consortium led by Yonghong Li in April, and they decided to switch the accounting period to cover the football season.

As a result, the club’s accounts will now cover July 1 to June 30 every year, with a shareholders’ meeting on November 13 to approve the accounts from January 1 to June 30, 2017.

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Saturday October 28 2017
Fassone: 'No Milan financial problems'

Milan CEO Marco Fassone insists they have “no financial problems, but people like talking about us” ahead of the showdown with Juventus.

It kicks off at 17.00 UK time (16.00 GMT), click here for the line-ups and Liveblog.

“We believe in a win today and hope that the victory at Chievo helped bring back morale and confidence,” Fassone told Mediaset Premium following Wednesday’s 4-1 result at the Bentegodi.

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