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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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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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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NEWS
Tuesday October 10 2017

Adidas to break with Milan

It’s reported Adidas will end their sponsorship of Milan in the summer, after 20 years.

The German sportswear brand has manufactured the Rossoneri kits every year since 1998, having previously done so between 1978 and 1980, and from 1990 to 1993.

The current deal, which is worth €19.7m per season was due to run until 2023, but this morning’s Gazzetta dello Sport is reporting that Adidas have decided to break off the partnership in June.

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Thursday October 5 2017
China to recall Milan money?

It’s claimed the Chinese government could force Milan’s investors to return around €200m to the country.

Investor Yonghong Li took over the Rossoneri earlier this year, with a loan from U.S. hedge fund Elliott Management to complete the deal.

Part of the reason for that was the difficulty in moving funds out of China, with the government recently cracking down on foreign investment.

The Communist Party will hold its congress on October 18, where it’s expected that new restrictions on foreign investment will be announced.

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Tuesday September 12 2017
Fassone: ‘How Milan will grow’

Marco Fassone admits Milan “will have constraints from UEFA” and expects to make €100m in the Chinese market.

The Rossoneri spent big on the transfer market this summer, and will be assessed by UEFA’s Financial Fair Play board in November in relation to a voluntary agreement.

In addition, the takeover by Chinese businessman Yonghong Li was funded by a U.S hedge fund, Elliott Management, which must be repaid.

Today the CEO of the club has spoken to Corriere dello Sport, and expects to grow revenues hugely in China.

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Tuesday September 12 2017
Fassone: ‘Disappointed by Raiola’

Milan CEO Marco Fassone is disappointed that Mino Raiola “said certain things”, and reassures fans over the ownership.

Raiola, the agent of Gianluigi Donnarumma, has repeatedly said that he doesn’t trust the project of the Rossoneri’s new Chinese owners, even if the goalkeeper signed a new contract in the summer.

“I’m sorry that he said certain things,” Fassone admitted in an interview with Corriere dello Sport.

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Sunday August 27 2017
Fassone: 'Milan buys a calculated risk'

Milan CEO Marco Fassone explained investments are “a calculated risk” and “in the worst case scenario, in October next year, the owners of Milan would be” a hedge fund.

The Rossoneri had been under the control of Silvio Berlusconi for 30 years, but the takeover from Chinese businessman Yonghong Li was finally completed in April after numerous delays.

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Thursday August 3 2017
Report: Bank rejects Milan guarantees

It’s reported Banco BPM has rejected Milan’s guarantees to access financial bonds, so Leonardo Bonucci and Lucas Biglia still can’t be registered.

The Rossoneri signed both players last month for €42m and around €17m, but while their contracts have been deposited with the Lega Serie A, they haven’t been properly registered yet.

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