NEWS
Tuesday March 10 2020
Scaroni: 'Elliott saved Milan'

President Paolo Scaroni has claimed that Elliott “saved” Milan and trusts that CEO Ivan Gazidis’ work will be “rewarded with time”.

The recent fallout with director Zvonimir Boban and the rumours regarding a future deal with Ralf Rangnick snowballed into another controversial episode in a series of trouble since former owner Silvio Berlusconi left the club.

The timing was a surprise, as the Rossoneri seemed to be going through a positive period, fighting for a place in Europe next season.

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NEWS
Friday February 28 2020
Malago: 'Friedkin more Zhang than Elliott'

CONI President Giovanni Malagò has predicted that Dan Friedkin’s proposed business with Roma will not be a “short-term investment” and compared the situation to the one at Inter.

The Friedkin Group are reportedly finalising a handover with James Pallotta in the Italian capital and could become the next foreign investor to arrive in Italy.

Fiorentina were bought by the American tycoon Rocco Commisso and the Suning Group have made their mark on Inter.

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NEWS
Monday January 13 2020
Lille: 'Elliott want to sell Milan'

Lille President Gerard Lopez claims Elliott Management intend to grow his club, whereas they “funded Milan to be bought” at a profit.

The US hedge fund is in control of Milan only because previous owner Yonghong Li defaulted on repayments on a €300m high-interest loan he had used to purchase the club from Silvio Berlusconi.

Elliott expanded their football investments by helping Lopez to fund Ligue 1 side Lille with another large loan of €140m.

However, the two approaches may well be different.

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NEWS
Wednesday January 8 2020
Han Li: 'Trust nobody at Milan'

Former Milan executive director David Han Li revealed what happened behind the scenes with Yonghong Li and Elliott Management. “The nightmare was real. We don’t trust anyone now.”

The entire affair caused immense confusion, as after purchasing the club from Silvio Berlusconi in May 2017 only to effectively have their holding company repossessed for failing to meet payments on a loan to hedge fund Elliott Management.

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NEWS
Saturday November 16 2019
New reports Arnault want Milan

Despite the repeated denials, multiple Italian papers continue to maintain that luxury brand business Arnault are trying to purchase Milan for €1bn.

The LVMH group owns brands including Louis Vuitton, Fendi, Christian Dior, Givenchy, Marc Jacobs and Fenty.

According to the Corriere dello Sport and Tuttosport, joining earlier reports from La Repubblica and the Corriere della Sera, the Arnault family are still in negotiations with Milan owners Elliott Management to purchase the club.

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NEWS
Saturday October 26 2019
Maldini: 'Milan wrong to talk targets'

Paolo Maldini accepts Milan “made a mistake by talking about objectives. We were banned from Europe" because they inherited a club €126m in the red.

The technical director has been giving interviews with Sky Sport Italia, released throughout the weekend, shining a light on the situation at San Siro.

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NEWS
Thursday October 17 2019
Expert: 'Milan could be preparing sale'

Financial expert Luca Pagni suggests Milan’s record €145.9m losses are part of Elliott Management strategy to ‘clear’ the decks for a sale.

Eyebrows were raised when the club announced the balance sheet for the 2018-19 season had them running at an unprecedented loss.

However, the directors are not concerned and so MilanNews.it asked La Repubblica newspapers economic correspondent Pagni to explain the situation.

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NEWS
Sunday October 6 2019
Boban: 'Different visions of Milan'

Zvonimir Boban and Paolo Maldini admit they have “a different vision” of Milan to Elliott Management, while Ivan Gazidis has an unusual description for football.

The Serie A giants are owned by a US hedge fund, who effectively repossessed the club after Yonghong Li defaulted on repayments for the loan he used to purchase the Rossoneri from Silvio Berlusconi.

The Financial Times published its profile of the situation and issues emerge between the sporting and business side of the club.

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NEWS
Monday June 10 2019
Milan lost €413m over five years

The Corriere dello Sport analysed Milan’s finances and warned they’ll reach June 30 running at a €100m loss for this year alone, €413m over five years.

As the Rossoneri await the verdict of their appeal against the Financial Fair Play penalties, with another UEFA case ready to go for even more violations, the situation remains extremely unstable.

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NEWS
Sunday February 24 2019
Milan cling on to Gattuso

Gennaro Gattuso could be offered a new contract by Milan owners Elliott Management if he gets them into the Champions League, claims the Corriere della Sera.

Up until now, the reports had been consistent that the Coach would be axed if he failed to finish in the top four.

Following a remarkable run of results and the transformation of the side with January buys Krzysztof Piatek and Lucas Paqueta, the situation has changed.

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