BLOG ITALIA
Monday August 6 2018
Maldini shows Milan ambition

Paolo Maldini refused to join the Rossoneri board under Yonghong Li, so Gaby McKay says his arrival now represents a big step forward.

One of the biggest red flags in Yonghong Li’s tenure as Milan owner came before the Chinese businessman had even taken over the club.

In October 2016, Li was head of a consortium called Sino-Europe Sports which was looking to buy the Rossoneri from Silvio Berlusconi. With the takeover effectively having to be paid for in instalments and a lack of clarity over who made up the group, the potential new owners sought to bring a club legend on board to placate fans.

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Monday July 23 2018
Milan to sack Mirabelli?

New Milan President Paolo Scaroni is expected to meet with sporting director Massimiliano Mirabelli tonight to discuss the resolution of his contract.

The former Eni CEO has taken over as the Rossoneri figurehead, after U.S hedge fund Elliott Management ouster previous owner Yonghong Li.

All of the other Chinese representatives on the board were also removed, with CEO Marco Fassone sacked for ‘just cause’.

That battle is expected to end up in the courts, and Tuttomercatoweb is expecting more changes.

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BLOG ITALIA
Monday July 23 2018
Reasons for optimism for Milan

Post Yonghong Li, Elliott have begun taking the necessary measures to shake up the technical staff at Milan, move on the market and spark new hope, writes Matthew Santangelo.

In a matter of a few weeks, Milan go from having their owner Li Yonghong default on his €32m loan obligation and suspended from European competition to looking somewhat of a rejuvenated Rossoneri under Elliot Management.

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Sunday July 22 2018

Fassone could sue Milan

Marco Fassone and Milan look set to end up in court, after the former CEO was dismissed by new owners Elliott Management.

The former Inter director was appointed by Yonghong Li, but was removed yesterday as the U.S hedge fund installed its new board.

Tuttosport believes that Fassone was asked to resign at a meeting in London last week, but refused to do so.

The newspaper believes that his links to Li and the Chinese ownership formed part of the reason, but also alleges that the CEO wanted to extend his own contract.

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BLOG ITALIA
Friday July 20 2018
Milan’s Champions League ambitions

Though the competition for Serie A’s four allotted Champions League spots will be tightly contested, it will remain Milan’s ambition in 2018-19, writes Matthew Santangelo.

After coming up short in their attempt to qualify for top four in 2017-18, despite a second half surge under Gennaro Gattuso, Milan will look to get off on the right foot this upcoming season and press on for Champions League football.

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Friday July 20 2018
Li investigated for Milan statements

Former Milan owner Yonghong Li is under investigation in Italy for allegedly misleading financial markets with his public statements.

The Chinese businessman bought the Rossoneri from Silvio Berlusconi and Fininvest in April 2017, financed by a series of loans from the Elliott Management Corporation.

When he failed to pay €32m for a capital increase the hedge fund seized control of the club, and Corriere della Sera now reports Li is under investigation for misleading financial markets.

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NEWS
Wednesday July 18 2018
Milan await CAS appeal

Milan will learn their CAS verdict tomorrow evening and new owners Elliott Management are sending Franck Tuil as part of their appeal.

The Court of Arbitration for Sport will hear the appeal against UEFA’s decision to expel the club from European competition this season due to Financial Fair Play violations.

According to the latest reports, the CAS will give its response no earlier than 17.00 UK time (16.00 GMT) on Thursday.

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Tuesday July 17 2018
Elliott's three-year Milan plan

Elliott Management aim to control Milan for three years and not one, it’s reported, selling two per cent to Riccardo Silva.

According to Sky Sport Italia, the takeover after President Yonghong Li defaulted on his debts won’t be a short-term operation seeking a new buyer.

The idea would be to set up a three-year project to get the club back on track, raise its value and then sell at a large profit.

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NEWS
Saturday July 14 2018
Maldini: 'Milan didn't call me'

Paolo Maldini insists “nobody has called me” from Milan’s new owners Elliott Management, but he has “always been open to talk.”

The club icon has been repeatedly linked with a role at San Siro, especially after Yonghong Li lost control to US hedge fund Elliott for defaulting on debts.

“Nobody has called me” from Milan, Maldini told Mediaset Premium.

“I have always been open to talk, so I’ve never closed the door on anyone for at least a dialogue.”

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NEWS
Saturday July 14 2018
FT: Yonghong Li always doomed

As Yonghong Li seemingly won’t reply to Milan calls, the Financial Times outlined how Elliott Management’s takeover was inevitable from the start.

Chinese businessman Li came out of nowhere to purchase the club from Silvio Berlusconi in April 2017 for €740m, although €300m of it was from a high-interest loan.

US hedge fund Elliott Management were due to be repaid €380m (including interest) in October 2018, but never got that far, as Yonghong Li defaulted on a smaller additional €32m loan last week.

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