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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NEWS
Wednesday June 27 2018
A history of Milan under Yonghong Li

From the very start, Yonghong Li’s takeover of Milan for €740m has been shrouded in controversy, confusion and very little clarity.

Chinese businessman Yonghong Li completed the takeover from Silvio Berlusconi on April 13 2017 for €740m, including €220m in existing club debt.

He had begun negotiations in August 2016, but was only able to secure the closing after numerous postponed deadlines thanks to a high-interest loan from US hedge fund Elliott Management Corporation of €303m.

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NEWS
Wednesday June 27 2018
‘Berlusconi not to blame for Milan’

Pier Silvio Berlusconi, son of former Milan owner Silvio, insists his family aren’t to blame for the club’s current situation.

The Rossoneri look set to be banned from Europe for a year and fined €30m, while Yonghong Li - to whom Berlusconi sold the club in April 2017 - appears to be struggling financially.

“I know very little,” Pier Silvio Berlusconi told AlaNews about the UEFA situation.

“More than a judgement I can express my displeasure as a Milan fan, but I can’t say more than that.

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NEWS
Wednesday June 27 2018
Milan informed of UEFA sentence?

It’s reported Milan have been told that their Financial Fair Play punishment will be a €30m fine and a one-year ban from European competition.

An official judgement from UEFA is expected this afternoon, but Premium Sport believes the Rossoneri have already been informed of their punishment.

They will be denied entry to this season’s Europa League, as well as being fined €30m for breaching FFP laws.

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