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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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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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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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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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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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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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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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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Wednesday April 26 2017
Berlusconi 'wanted to advise Milan'

Silvio Berlusconi turned down the role of Honorary Milan President because he wouldn’t be allowed to give tactical advice to the Coach, revealed his brother.

The sale of the club to Yonghong Li ended a 31-year reign at San Siro, although it took considerably longer than expected when the conglomerate changed and lost funding.

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Saturday April 22 2017
Montella 'getting to know' new Milan

Vincenzo Montella is “getting to know” the new Milan directors after the takeover and “I see everything we need to do well.”

The club ended a 31-year Silvio Berlusconi reign with the takeover by Yonghong Li, so Montella spent time with directors Marco Fassone and Massimiliano Mirabelli this week, including a visit to the Monaco v Borussia Dortmund Champions League quarter-final.

“We went to see a game together as part of the process of getting to know each other,” said the Coach in today’s Press conference.

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