NEWS
Friday June 29 2018
Li remains at 30 per cent?

Yonghong Li is reportedly close to accepting Rocco Commisso’s offer for Milan, as long as he keeps at least 30 per cent of the shares.

The Chinese owner is struggling after his April 2017 takeover, and hedge fund Elliott Management had to provide the €32m for this month’s capital increase.

While it’s thought Li has now come up with the money to repay that, it’s accepted that the club needs new investors.

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NEWS
Thursday June 28 2018
UEFA questioned Milan 'credibility'

UEFA’s reasoning for excluding Milan for Europe repeatedly used the term ‘credibility’ with regards to Yonghong Li, according to a leaked report.

The Rossoneri were punished for violating Financial Fair Play parameters and consequently excluded from the Europa League for the 2018-19 season.

Their full reasoning will only be released later, but according to La Gazzetta dello Sport, it includes a 30-page document outlining the issues UEFA had with their FFP business plan.

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NEWS
Thursday June 28 2018
Li to lose €300m on Milan sale?

Reuters claim Rocco Commisso is offering €500m to buy Milan, but this would leave Yonghong Li with a €300m loss, as it includes debt.

The Chinese businessman bought the club from Silvio Berlusconi in April 2017 for €740m, including their €190m debt, and was only able to complete the takeover thanks to a €303m loan from US hedge fund Elliott Management.

That loan is due to be repaid in full with €77m interest in October 2018.

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NEWS
Thursday June 28 2018
Milan shareholders want Li sale

The Association of Milan Small Shareholders have sent a strongly-worded letter urging Yonghong Li to “unequivocally prove his financial stability or step aside.”

President Yonghong Li has been increasingly under fire, especially after missing the deadline to pay €32m to raise the capital, so US hedge fund Elliott Management – to whom Li owes €380m in October – had to step in.

He has until July 6 to repay it or Elliott will effectively begin to repossess his assets – specifically AC Milan.

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NEWS
Thursday June 28 2018
Commisso back in for Milan

Yonghong Li has seemingly realised Rocco Commisso’s offer to buy Milan is his best option and is back in advanced negotiations, it’s reported.

US billionaire Commisso had been close to a deal for €500m plus payment of the debt to Elliott Management, leaving 15-20 per cent of the club to Yonghong Li.

Suddenly on Tuesday night, the whole affair seemed to be off, as the Chinese patron wanted to keep 30 per cent of the club and find the €32m owed to Elliott Management by July 6.

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NEWS
Thursday June 28 2018
Commisso could fly to Italy

Rocco Commisso could fly out to Italy to try and revive his takeover of Milan, according to reports.

The New York Cosmos owner is interested in buying the club from Yonghong Li, but the Chinese businessman only wants to sell a minority stake.

It was feared that a deal had collapsed, but Commisso hinted yesterday he was open to a deal, if only “on my terms”.

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NEWS
Wednesday June 27 2018
Commisso: 'Milan on my terms'

Rocco Commisso insists negotiations to buy Milan will continue, “but only on my terms and I would never accept being a minority shareholder.”

The takeover talks seemed to collapse last night when Yonghong Li suddenly changed his mind, asking to keep not 15-20 per cent of the club, but at least 25-30 per cent.

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NEWS
Wednesday June 27 2018
Is Europa League exclusion that bad?

Milan have been excluded from the Europa League, which will cost them around €20m, but it’s not necessarily all bad news.

UEFA finally announced its verdict today, excluding the Rossoneri from European competition for one season for Financial Fair Play violations.

There was expected to be a fine of up to €30m too, but that does not seem to have materialised.

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NEWS
Wednesday June 27 2018
Milan, what happens now?

As Milan are excluded from Europe for Financial Fair Play violations, Football Italia looks at the likely next steps for the Rossoneri.

The long-awaited decision by UEFA’s Club Financial Control Body was handed down today, with the Rossoneri given a two-season ban.

However, it only applies to one competition so if the Diavolo qualify for Europe next season - and improve their financial situation - they can enter European competition.

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NEWS
Wednesday June 27 2018
Commisso was ready to defend Milan

Milan’s hopes of appealing UEFA’s decision to exclude them from European competition are hit hard by Yonghong Li’s refusal to sell the club to Rocco Commisso.

Today the Financial Fair Play violations verdict was finally handed down, with the club excluded from UEFA competition (in this case the Europa League) for one year.

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