NEWS
Monday October 15 2018
Fans bail out Milan

Milan’s loss of €126m under Yonghong Li would have been far worse, were it not for higher than expected attendances.

The Chinese businessman bought the Rossoneri from Silvio Berlusconi in April of 2017, but he was forced out by Elliott Management, who bankrolled the takeover, just over 12 months later.

Last week the scale of the mismanagement was made clear by a €126m loss, but analysis from Calcio e Finanza reveals things could have been far worse.

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NEWS
Sunday October 14 2018
Suso: 'Milan calm after Chinese mess'

Suso is happy at Milan after the “mess of the Chinese takeover” was resigned to history. “Now there are people who know about football.”

The club was under Silvio Berlusconi’s control for over 30 years, but sold to Yonghong Li in April 2017 with the aid of massive loans from US hedge fund Elliott Management.

When Yonghong Li failed to keep up repayments, Milan were essentially repossessed by Elliott.

“Everything has calmed down after the mess of the Chinese takeover,” Suso told Spanish newspaper Marca.

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NEWS
Saturday October 13 2018
Maldini: 'Return to Milan principles'

Paolo Maldini explained how he came to take on a new job at Milan, as he and Leonardo “try to return to those principles” from their heyday.

The Rossoneri legend returned as a member of staff after US hedge fund Elliott Management repossessed the club from Yonghong Li.

He had been approached by the Chinese businessman first, but was immediately said he wasn’t convinced by the financial guarantees and project put forward.

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NEWS
Saturday October 6 2018
Raiola: 'Zlatan prepared for Milan talks'

Mino Raiola said he and LA Galaxy star Zlatan Ibrahimovic are “prepared to talk” to Milan about a move now that they are under new ownership.

The Swede turned 37 this week, but reports continue to gather pace that he could make a return to the club he represented from 2010-12.

“At the moment it’s not a possibility, because the conversations we had with the club are not current, but we are prepared to talk,” agent Raiola told Rai Sport.

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NEWS
Thursday October 4 2018
Milan owner in Forbes 400

Milan owner Paul Singer has been named as one of the top 400 wealthiest Americans by Forbes magazine, worth $3.2bn.

His hedge fund, the Elliott Management Group, provided Yonghong Li with the loans to purchase Milan from Silvio Berlusconi in April 2017.

When the Chinese businessman failed to keep up with repayments, Elliott repossessed the holding company and essentially took over the club.

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NEWS
Tuesday September 25 2018
Milan repay Li bonds

Milan have officially announced the early repayment of two bonds worth a total €128m issued by former owner Yonghong Li.

The Chinese businessman issued the two bonds to repay the €73m shareholder loan granted by Rossoneri Sport Investment Lux and fund transfer activity.

He was ousted by U.S hedge fund Elliott Management, and it has today been announced that the bonds have been repaid, effectively clearing the financial debt.

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NEWS
Saturday September 15 2018
Berlusconi's Monza birthday gift

Milan legend Silvio Berlusconi is expected to announce the purchase of Lega Pro/Serie C side Monza on his 82nd birthday.

The man who took Milan to the top of world football and controlled the club for over 30 years sold up to Yonghong Li in April 2015.

He misses the sport, though, and is set for a new venture with the local side that had for decades acted as a feeder club to Milan: Monza.

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NEWS
Thursday September 6 2018
Lenders chase Li

Former Milan President Yonghong Li is reportedly being chased for an unpaid debt of around €7m.

The Chinese businessman took over the Rossoneri in April of 2017, but was ousted by U.S hedge fund Elliott Management over this summer after defaulting on a payment.

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BLOG ITALIA
Friday August 24 2018
Milan's chain of command

It feels like a very long time since Carlo Ancelotti had Milan at the top of world football, writes Matthew Santangelo.

Solely based on the fact Milan’s bench has been a revolving door in recent years as they search for much-needed stability, it feels like an age ago when the likes of Arrigo Sacchi or Carlo Ancelotti roamed Milanello as the skipper of a perennial European powerhouse.

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NEWS
Thursday August 9 2018
‘Montella and Li a disaster’

Former Milan team manager Christian Abbiati admits “a lot of confusion” under the Chinese ownership, and calls Vincenzo Montella “a half-disaster”.

The former Rossoneri goalkeeper worked as a liaison between the squad and the club, but left after just one season to focus on his Harley Davidson dealership.

“You have to be a help for everything and everyone,” Abbiati explained to Gazzetta dello Sport.

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