NEWS
Wednesday November 22 2017
Berlusconi: ‘Chinese met obligations’

Former Milan President Silvio Berlusconi points out the new Chinese owners “always met their commitments”.

Rossoneri Sport Investment, the consortium led by Yonghong Li took over the club in April, but there have since been doubts about how much money they actually have.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
Tuesday November 21 2017
Forbes: 'Milan sold at bargain price?'

Forbes have now reported that Milan are in financial trouble and Yonghong Li could sell the club soon “at a bargain price.”

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
Tuesday November 21 2017
Report: UEFA to reject Milan’s FFP deal

Reports in Spain claim UEFA will reject Milan’s proposal of a voluntary agreement on Financial Fair Play.

The Rossoneri were taken over by a Chinese consortium, Rossoneri Sport Investment Lux, in April led by Yonghong Li.

A big summer transfer campaign followed, with the Diavolo spending over €200m to reinforce Vincenzo Montella’s squad.

Clubs which have recently been taken over can apply for dispensation to extend their Financial Fair Play responsibilities over four years.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
Sunday November 19 2017
NY Times: 'Milan takeover embarrassing'

The New York Times reporter who investigated Yonghong Li claims “it could be an embarrassing situation for Italian football. If I were a Milan fan, I’d want to know who owns the club.”

The paper published an analysis of the situation, including interviews and visits to the supposed offices in China, finding dead ends and a surprising lack of information.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
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.”

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow

NEWS
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.

Enable Scroll-To-Play Video
Do Not Exclude From Feeds

Watch Serie A live in the UK on Premier Sports for just £9.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://www.premiersports.com/subscribenow