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.

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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.

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NEWS
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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NEWS
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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NEWS
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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NEWS
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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NEWS
Monday October 23 2017
Berlusconi: ‘Milan have financial problems’

Silvio Berlusconi warns “there are already some financial problems” at Milan, and says “I’m worried by Mr Li’s silence”.

The former President sold the club to Yonghong Li in April, and a major summer transfer campaign followed.

However, the purchase of the club was funded by US hedge fund Elliott Management, who will take control of the Rossoneri if their loan is not repaid.

“I know there are already some financial problems,” Telelombardia quotes Berlusconi as saying.

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BLOG ITALIA
Saturday October 14 2017
Milan Derby personality swap

Going into the first Derby della Madonnina of the season, Milan and Inter have swapped their traditional characteristics, writes Susy Campanale.

Milan and Inter share a city, a stadium and a common dialect, but the similarities used to end there. Now both clubs are ruled by faceless Chinese corporations who are rarely even in the country, farming off the day-to-day work to relatively interchangeable directors. How interchangeable? Milan CEO Marco Fassone and director of sport Massimiliano Mirabelli used to work for Inter.

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BLOG ITALIA
Thursday October 12 2017
Milan Derby of Eastern Promise

Not everyone appreciates the Chinese takeover of the Milan Derby, but Richard Hall insists it was the only way to get these clubs back to the glory days.

In a perfect world perhaps, Silvio Berlusconi and Massimo Moratti would be presiding over the Milan Derby. Marco Van Basten said the Chinese influence was “hard to swallow.”  Whilst Chinese may not be Marco’s favourite dish, how else would he have it?

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NEWS
Tuesday October 10 2017
Milan meet UEFA next month

Milan have reportedly pushed the approval of their budget slightly back, ahead of a meeting with UEFA early next month.

The Rossoneri were taken over by a Chinese consortium earlier this year, with Yonghong Li’s group funding a big summer transfer campaign.

To avoid falling foul of Financial Fair Play, the club will present an offer for a voluntary agreement to European football’s governing body.

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