NEWS
Sunday July 16 2017
Fassone: 'Top stars ask about Milan'

Milan CEO Marco Fassone reveals the star-studded spending spree means “top players at international level are asking for information on our project.”

The Rossoneri have dominated the transfer market this summer with over €211m spent on new players, including Leonardo Bonucci, Andre Silva, Hakan Calhanoglu, Ricardo Rodriguez, Franck Kessie and Andrea Conti.

“It is our responsibility to build an extraordinary Milan,” said Fassone at a Press conference in China.

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NEWS
Thursday June 22 2017
Report: China investigates Milan deal

China’s bank regulator has reportedly ordered an investigation into overseas investments, including the takeover of Milan.

The club was bought over by Rossoneri Sport Investment earlier this year, backed by the Chinese investor Yonghong Li.

The new owners have already flexed their financial muscle on the transfer market, signing Mateo Musacchio, André Silva, Ricardo Rodriguez and Franck Kessié.

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BLOG ITALIA
Wednesday June 14 2017
Milan can dare to dream

The last couple of weeks have made Milan fans like Susy Campanale almost afraid to feel optimistic again. Is it safe to hope?

Milanisti were not always pessimistic by nature. Those old of us to remember a club that was on the brink of bankruptcy had within a few years of Silvio Berlusconi’s reign become the dominant force in world football, to this day arguably the greatest team there has ever been in the sport. We also learned from watching neighbours Inter that the influx of Chinese cash doesn’t necessarily promise success.

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NEWS
Tuesday June 13 2017
Milan aim to double revenues

The business plan submitted to UEFA by Milan has allegedly been leaked, with aims to more than double revenues in five years.

The Rossoneri have been taken over by Rossoneri Sport Luxembourg, funded by Yonghong Li and other Chinese investors.

The new owners have wasted no time in recruiting players, with Franck Kessié, Ricardo Rodriguez, Mateo Musacchio and André Silva coming in, and Andrea Conti, Lucas Biglia and Nikola Kalinic potentially set to follow.

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NEWS
Saturday June 10 2017
Questions over Milan FFP report

UEFA rejected Milan’s Financial Fair Play plan because there are questions over economic sustainability and revenue from merchandising.

The new owners, led by Yonghong Li, presented their plan to UEFA this week, but then withdrew it and will present a new version in October.

Considering their spending spree on Mateo Musacchio, Franck Kessie and Ricardo Rodriguez, are the books genuinely balanced?

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NEWS
Tuesday May 23 2017
China releases Milan funds?

It’s reported the Chinese government could relax rules on foreign investment, allowing investors to join the Milan project.

Yonghong Li had led a consortium called Sino-Europe Sports to take over the Rossoneri, but the Beijing government imposed limitations on taking capital out of the country.

SES was therefore dissolved, with a new company, Rossoneri Sport Investment, formed to complete the takeover with the help of US hedge fund Elliott Management.

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NEWS
Thursday May 4 2017
Montella: ‘Milan distracted by closing’

Milan Coach Vincenzo Montella admits “something happened on a mental level after the closing”.

Last month, the sale of the Rossoneri to a Chinese consortium was finally completed but the team hasn’t won a game since.

“Inevitably, something happened on a mental level after the closing,” Montella admitted in an interview with Corriere dello Sport.

“For the majority of the season everyone had guaranteed the maximum concentration, and this is also assured on the part of the new owners.

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NEWS
Wednesday May 3 2017
Fassone: ‘Milan will be strong’

Marco Fassone assures the new owners want “a strong Milan”, and will sign “experienced and quality players” in the summer.

Yonghong Li’s Rossoneri Sport Investment Luxembourg consortium has completed a takeover of the Rossoneri, but there has been concern over the involvement of a U.S hedge fund.

The club has issued a €123m bond in Vienna, and the new CEO looked to clarify the situation.

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BLOG ITALIA
Saturday April 29 2017
Vultures circling at Milan

The U.S hedge fund which seized an Argentine naval vessel - Gaby McKay looks at Elliott Management, the power behind the new Milan throne.

In October 2012, Ghana impounded an Argentine naval ship. In years gone by, such an action could have been seen as a prelude to war, though by all accounts those on board were well-treated by the locals. Far from being an act of aggression though, the Ghanaian authorities were simply enforcing a court judgement granted in favour of an American hedge fund.

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NEWS
Thursday April 27 2017
Milan to issue €123m bond

Reports suggest Milan will issue a €123m bond, underwritten by the US hedge fund which bankrolled the takeover of the club.

Yonghong Li and his Rossoneri Sport Investment Lux group completed their purchase of the club from Silvio Berlusconi earlier this month.

Now financial website il Sole 24 Ore reveals that a €123m bond will be issued by the club in Vienna, underwritten by Elliott.

Of that figure, €73m will go toward repaying Italian debts to Italian banks including BancoBpm, Intesa Sanpaolo, Unicredit, Cariparma and others.

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