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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NEWS
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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NEWS
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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NEWS
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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NEWS
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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NEWS
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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NEWS
Thursday August 3 2017
Milan plan Chinese expansion

It’s believed Milan are planning to create a football school and other facilities in China.

The Rossoneri were bought over by a consortium led by Yonghong Li in April, and have spent over €200m in the transfer market already this summer.

According to La Repubblica, their plans aren’t simply limited to buying players though, and the Diavolo are planning to expand in China.

The newspaper speaks of a 39 page document outlining plans for a ‘Milan Village’ in China, with a hotel, a museum, shops and a restaurant.

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NEWS
Sunday July 30 2017
Galliani glad Milan spending

Former Milan CEO Adriano Galliani is glad they “sold the club to a buyer who is engaging in an important summer of transfer activity.”

He had been at the helm since Silvio Berlusconi bought Milan on the verge of bankruptcy in 1986.

After many delayed attempts at a takeover, Yonghong Li completed the purchase and has spent over €211m on the market this summer.

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Friday July 28 2017
Pallotta: ‘Milan, I’m sorry’

Roma President James Pallotta apologises if he has “inaccurate information” about Milan’s takeover.

The Giallorossi patron caused a stir last night when he claimed the Diavolo had “lost their minds”, stating they’d taken a high interest loan close to €300m.

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NEWS
Friday July 21 2017
Fassone: ‘Scudetto not impossible’

Marco Fassone says the Scudetto is “almost impossible” for Milan this season but “I leave the door open to anything”.

The Rossoneri have spent big this summer in an effort to return to the Champions League, with many suggesting they could even win Serie A for the first time since 2011.

“As a Milan man, I need to think about that,” Fassone told Gazzetta dello Sport.

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