NEWS
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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NEWS
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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NEWS
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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BLOG ITALIA
Saturday July 14 2018
Rebuilding Milan's image

After Yonghong Li failed to repay his loan, Elliott have seized control and are working towards rebuilding Milan’s image, writes Matthew Santangelo.

Throughout the course of this ownership dilemma, Milan’s brand has taken quite a hit. The value of the Rossoneri image still remains tremendously high around the world, but the struggles during the past five to six years on the pitch, along with uncertainty at the top, calls for financial stability and total transparency under Elliott Management.

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NEWS
Thursday July 12 2018
Milan want Arsenal director

New Milan owners Elliott Management have reportedly approached Leonardo, Sassuolo’s Giovanni Carnevali and Arsenal chief executive Ivan Gazidis.

The club is now in the hands of US hedge fund Elliott Management Corporation after President Yonghong Li defaulted on his debts, so the holding company was repossessed.

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NEWS
Thursday July 12 2018
Leonardo role in the new Milan?

Milan’s new owners Elliott Management have reportedly contacted former player, director and Coach Leonardo after Paolo Maldini turned them down.

US hedge fund Elliott now effectively run the club after President Yonghong Li defaulted on his debts, but a new Board of Directors will only be voted in after July 21.

According to Sky Sport Italia, the new patrons have approached Leonardo to ask if he would be interested in a new role.

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