NEWS
Tuesday October 16 2018
Marcotti: 'Milan believe in Elliott'

Gabriele Marcotti believes Milan fans have every reason to trust new owners Elliott Management, while it’s no surprise Lucas Paqueta preferred them to PSG.

The Italo-American pundit spoke to the Milan Weekly Podcast about some of the themes surrounding the Rossoneri, above all Elliott Management repossessing the club after Yonghong Li failed to keep up loan repayments.

His other comments on the Italy squad and Nations League campaign are here.

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NEWS
Monday October 15 2018
Fans bail out Milan

Milan’s loss of €126m under Yonghong Li would have been far worse, were it not for higher than expected attendances.

The Chinese businessman bought the Rossoneri from Silvio Berlusconi in April of 2017, but he was forced out by Elliott Management, who bankrolled the takeover, just over 12 months later.

Last week the scale of the mismanagement was made clear by a €126m loss, but analysis from Calcio e Finanza reveals things could have been far worse.

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NEWS
Sunday October 14 2018
Suso: 'Milan calm after Chinese mess'

Suso is happy at Milan after the “mess of the Chinese takeover” was resigned to history. “Now there are people who know about football.”

The club was under Silvio Berlusconi’s control for over 30 years, but sold to Yonghong Li in April 2017 with the aid of massive loans from US hedge fund Elliott Management.

When Yonghong Li failed to keep up repayments, Milan were essentially repossessed by Elliott.

“Everything has calmed down after the mess of the Chinese takeover,” Suso told Spanish newspaper Marca.

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NEWS
Friday October 12 2018
Milan make €126m loss

Milan made a loss of €126m in their one and only year under the ownership of Li Yonghong.

The balance sheet for the period between July 1 2017 and June 30 2018 saw Milan lose €53m more than the previous year.

On the other hand, revenue grew from €212m to €255m, although expenditure rose to €354m, marking a 22.7 percent increase from €273.9m.

The balance sheet, which must be approved by Elliott Management during the Rossoneri’s shareholder meeting on October 25, is the first and last of the Li era.

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NEWS
Thursday October 4 2018
Milan owner in Forbes 400

Milan owner Paul Singer has been named as one of the top 400 wealthiest Americans by Forbes magazine, worth $3.2bn.

His hedge fund, the Elliott Management Group, provided Yonghong Li with the loans to purchase Milan from Silvio Berlusconi in April 2017.

When the Chinese businessman failed to keep up with repayments, Elliott repossessed the holding company and essentially took over the club.

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NEWS
Tuesday September 25 2018
Milan repay Li bonds

Milan have officially announced the early repayment of two bonds worth a total €128m issued by former owner Yonghong Li.

The Chinese businessman issued the two bonds to repay the €73m shareholder loan granted by Rossoneri Sport Investment Lux and fund transfer activity.

He was ousted by U.S hedge fund Elliott Management, and it has today been announced that the bonds have been repaid, effectively clearing the financial debt.

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NEWS
Friday September 14 2018
Scaroni confirms Gazidis talks

Milan President Paolo Scaroni has confirmed that talks with Arsenal CEO Ivan Gazidis are ‘ongoing’.

Gazidis has been linked with Milan ever since Elliott Management’s takeover of the club, and Scaroni spoke of his optimism at a deal being struck with the Greek-South African.

“Gattuso must be calm, but I don’t think he feels worked up,” he continued to Corriere della Sera.

“He’s my Coach because he’s done well. I also like him because he treats his job with complete sincerity.

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NEWS
Friday September 14 2018
‘CL more important than Serie A’

Milan President Paolo Scaroni has claimed that ‘the Scudetto is less important than the Champions League’.

Milan are Italy’s most successful club in Europe, with seven European Cups to their name, and Scaroni expressed his desire for the Rossoneri to tap back into that trend.

“What have I understood in these two months? That there are two mountains to climb: one of building a winning team and another of getting [Milan’s] accounts back on its feet,” he told Corriere della Sera.

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BLOG ITALIA
Friday August 24 2018
Milan's chain of command

It feels like a very long time since Carlo Ancelotti had Milan at the top of world football, writes Matthew Santangelo.

Solely based on the fact Milan’s bench has been a revolving door in recent years as they search for much-needed stability, it feels like an age ago when the likes of Arrigo Sacchi or Carlo Ancelotti roamed Milanello as the skipper of a perennial European powerhouse.

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BLOG ITALIA
Monday August 6 2018
Maldini shows Milan ambition

Paolo Maldini refused to join the Rossoneri board under Yonghong Li, so Gaby McKay says his arrival now represents a big step forward.

One of the biggest red flags in Yonghong Li’s tenure as Milan owner came before the Chinese businessman had even taken over the club.

In October 2016, Li was head of a consortium called Sino-Europe Sports which was looking to buy the Rossoneri from Silvio Berlusconi. With the takeover effectively having to be paid for in instalments and a lack of clarity over who made up the group, the potential new owners sought to bring a club legend on board to placate fans.

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