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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NEWS
Saturday July 21 2018
Elliott: Aware of Milan’s importance

Elliott Management chief Paul Singer has assured fans that the hedge fund ‘recognises the prominent place Milan occupy in the football world’.

Singer’s firm took control of Milan after Li Yonghong failed to pay up, electing a new board of directors on Saturday and pledging to inject cash into the club.

“The election of a new Board marks another step forward in getting AC Milan back on track,” he told the club’s official website.

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NEWS
Saturday July 21 2018
Milan: Dawn of a new era

Milan have heralded ‘the dawn of a new era’ as their new board promises ‘a clear pathway to the Champions League’.

In a statement released on Saturday, Milan confirmed Paolo Scaroni would replace Li Yonghong as chairman, Marco Fassone’s replacement as CEO would be announced ‘in due course’ and that €50m would be injected into the club.

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NEWS
Saturday July 21 2018
Milan: Leonardo & new CEO imminent

Leonardo’s appointment as Milan’s new general manager is reportedly imminent, while the club have ‘already identified’ their new CEO.

According to Gianluca Di Marzio’s website, Leonardo reached an agreement with Milan ‘in the last few hours’.

The Brazilian scored 30 goals in 124 appearances for the Rossoneri over two stints as a player, winning a Scudetto and Coppa Italia, as well as the 1994 World Cup with his country.

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NEWS
Friday July 20 2018
Li: Ready to fight for Milan

Former Milan owner Li Yonghong has warned Elliott Management that ‘I’m ready to fight’ the ‘careless and predatory vulture fund’ for the club.

Li was recently ousted by Elliott for not honouring a €32m repayment, but in a scathing letter made public by Il Sole 24, the Chinese businessman accused the hedge fund of misleading him with its intentions and preventing him from selling Milan once it became apparent that he could no longer finance the club.

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NEWS
Friday July 20 2018
Milan: ‘Committed to FFP’

Milan released a statement declaring their intention to return to “full sporting and financial solidity” after being reinstated into the Europa League.

The Rossoneri were initially barred from the competition for Financial Fair Play violations, as well as doubts over owner Yonghong Li.

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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
Thursday July 19 2018
Milan await CAS judgement

Milan are expected to have their appeal against a Europa League ban ruled on by the Court of Arbitration for Sport today.

The Rossoneri were excluded from the competition for Financial Fair Play breaches, as well as doubts over former owner Yonghong Li.

The Diavolo have now been taken over by Elliott Management after the Chinese owner failed to pay his debts, and Gazzetta dello Sport there is a three-pronged strategy to have the verdict overturned.

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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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