NEWS
Tuesday May 23 2017
China releases Milan funds?

It’s reported the Chinese government could relax rules on foreign investment, allowing investors to join the Milan project.

Yonghong Li had led a consortium called Sino-Europe Sports to take over the Rossoneri, but the Beijing government imposed limitations on taking capital out of the country.

SES was therefore dissolved, with a new company, Rossoneri Sport Investment, formed to complete the takeover with the help of US hedge fund Elliott Management.

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NEWS
Thursday May 11 2017
Berlusconi: 'No credible Italian buyers'

Silvio Berlusconi says he had no choice but to sell Milan to Chinese investors as there were no Italian alternatives.

The former Diavolo owner finally completed his sale of the club to the Rossoneri Sport Luxembourg investment group, led by Yonghong Li, last month.

Speaking to Panorama, the 80-year-old explained that the influx of money into football from places such as the Middle East and Far East have made it impossible for families such as his own to continue running successful clubs.

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NEWS
Thursday April 13 2017
Official: Berlusconi sells Milan

The takeover of Milan has officially been completed, with Silvio Berlusconi selling the club after 31 years.

A consortium led by Chinese businessman Yonghong Li has been attempting to buy the Rossoneri for some time, but the deal was hit by a series of delays.

However, after Sino-Europe Sports became Rossoneri Sport Luxembourg and received investment from an American hedge fund, a meeting was held this morning to ratify the sale.

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NEWS
Monday April 10 2017
Lippi: ‘No-one knows Milan owners’

Marcello Lippi discusses Milan’s expected new owners - “no-one in China knows who these people are”.

The World Cup-winner is currently in charge of the Chinese national team, and with Yonghong Li expected to compete his takeover of the Rossoneri this week, the Coach was asked about the sale.

“We should once and for all end this saga about the sale of the club,” Lippi told SportItalia.

“No-one in China knows who these people are, while obviously the Suning Group which bought Inter is very well known.”

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NEWS
Tuesday April 4 2017
Suso: ‘Depends on Milan project’

Suso assures he’s happy at Milan, but “I don’t know what will happen with the sale, and what kind of project there will be”.

The Spanish midfielder has made his breakthrough for the Rossoneri under Vincenzo Montella this season, but there is uncertainty surrounding Yonghong Li’s takeover of the club.

“I still have two and a half years on my contract and I’ve always said that I’m happy here,” Suso told AS.

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NEWS
Tuesday March 28 2017
Maldini: ‘I’m a problem for Milan’

Paolo Maldini isn’t sure he’ll return to Milan as “they see me as a problem sometimes”.

The legendary defender made over 900 appearances for the Rossoneri in his playing career, but wasn’t given a role with the club after he hung up his boots.

Potential new owners Sino-Europe Sports [now Rossoneri Sport Lux] had offered him a place on the new board, but he turned down the opportunity.

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NEWS
Monday March 27 2017
Milan board ratifies takeover meeting

Milan’s board of directors have ratified an associates’ meeting on April 14, which will confirm the club’s takeover.

Sky Sport Italia and Tuttomercatoweb report the approval was given by the board at a meeting was held on Monday at Casa Milan, the Rossoneri’s headquarters.

The first associates’ assembly has been scheduled for April 14, before a second on May 4.

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NEWS
Saturday March 25 2017
Milan: 'Closing set for April 14'

The Milan “funding is complete” and the takeover closing is set for April 14, confirmed a statement from Silvio Berlusconi’s Fininvest company.

Yonghong Li shut down Sino-Europe Sports today and instead poured all the funds into a new holding company, Rossoneri Sport Investment Lux, based in Luxembourg.

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Saturday March 25 2017
New twist in Milan takeover

The Milan takeover is getting more complex, as Sino-Europe Sports is disbanded, making Yonghong Li the sole owner funded by several different loans.

The conglomerate had been set up to bring together numerous Chinese and Asian investors who were aiming to buy up the club from President Silvio Berlusconi and his holding company Fininvest.

As there were more and more delays to the closing, which was originally meant to be last year, it became apparent the investors were also dwindling.

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NEWS
Saturday March 25 2017
Costacurta: 'Inter second only to Juve'

Alessandro Costacurta believes the time has come for Silvio Berlusconi to sell Milan, but “Inter are the best team after Juventus right now.”

The former defender was part of the legendary Grande Milan of the late 80s and early 90s, but feels Berlusconi can no longer run the club in modern football.

“The owner is too old to manage the team, he spent a lot of money, it could be for sport or for politics, so something changed,” Costacurta told the BBC World Service.

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