Why did Milan fail FFP parameters?
UEFA rejected the FFP settlement agreement with Milan because of concerns over Yonghong Li’s debt to Elliott Management and a lack of revenue. “The Investigatory Chamber of the UEFA Club…
UEFA rejected the FFP settlement agreement with Milan because of concerns over Yonghong Li’s debt to Elliott Management and a lack of revenue. “The Investigatory Chamber of the UEFA Club…
Milan could become the 17th club to be denied access to UEFA competition for failing Financial Fair Play tests, joining the likes of Galatasaray and Panathinaikos. UEFA released a statement…
It’s reported Milan will be able to present a plan to refinance their debt to Elliott Management within 30-40 days. Owner Yonghong Li had to borrow money from the hedge…
Elliott Management are reportedly planning a takeover of Milan with International Champions Cup chief Charlie Stillitano, according to La Repubblica. Yonghong Li completed his takeover a year ago, but this…
It’s reported that Milan sporting director Massimiliano Mirabelli is in danger of being sacked, as Elliott Management are unhappy with his work. The director arrived in April last year, and…
Milan will reportedly present UEFA with a guarantee that Elliott Management will support the club if Yonghong Li is unable to. The Chinese businessman took over the Rossoneri in April…
Milan have reportedly received a €11m cash injection to keep them going until the end of the season. According to Corriere della Sera, the capital increase from Li Yonghong’s holding…
Milan haven’t yet received the €10m sent by owner Yonghong Li last Tuesday, according to reports. The businessman had pledged the capital increase to ensure the smooth running of the…
Reports in Italy claim Miami Dolphins owner Stephen M. Ross has asked for information about Milan’s situation. The Rossoneri were taken over by Chinese businessman Yonghong Li last April, but…
La Gazzetta dello Sport claim there’s another investigation into Yonghong Li’s takeover of Milan, this time looking at money laundering. The situation is increasingly fragile at the club, with a…
Milan shareholder Giuseppe La Scala believes owner Yonghong Li is “weak economically and financially, so should negotiate a less painful transition with Elliott.” The situation is degenerating with multiple reports…
Milan are reportedly ready to wait until April 4 for Yonghong Li to provide the missing €10m before Elliott Management steps in. The deadline was yesterday for the Chinese patron…
Milan CEO Marco Fassone is reportedly in London, as they seek to refinance their loan from Elliott Management. The Rossoneri were bought by Chinese businessman Yonghong Li last April, but…
Russian billionaire Alisher Usmanov is reportedly interested in buying Milan, thanks to his relationship with Paul Singer of Elliott Management, but denied this link. The Rossoneri are currently owned by…
It’s reported that the public prosecutor has opened an investigation into Silvio Berlusconi’s sale of Milan to Yonghong Li. The Chinese businessman took over the Rossoneri in April last year,…
It’s reported Milan owner Yonghong Li could be granted a further €35m loan from hedge fund Elliott Management. The Chinese businessman had to borrow around €180m to complete his takeover…
Milan CEO Marco Fassone reassured fans on their financial status, discussions with UEFA and tonight’s Europa League trip to Arsenal. It kicks off at 20.05 GMT, click here for the…
Milan are reportedly working to secure a refinancing arrangement before UEFA propose their settlement agreement. The Rossoneri had a voluntary agreement rejected by European football’s governing body, largely due to…
FIGC Commissioner Roberto Fabbricini admits he is “worried” about reports over Milan’s financial stability and “will contact the club.” There have been investigations in the New York Times and Il…
It’s reported Milan are working on a €250m refinancing deal with Elliott Management, separating Yonghong Li’s debt. The Chinese owner got a €123m loan from Elliott, an American hedge fund,…