Fassone: ‘Milan will be strong’
Marco Fassone assures the new owners want “a strong Milan”, and will sign “experienced and quality players” in the summer. Yonghong Li’s Rossoneri Sport Investment Luxembourg consortium has completed a…
Milan to issue €123m bond
Reports suggest Milan will issue a €123m bond, underwritten by the US hedge fund which bankrolled the takeover of the club. Yonghong Li and his Rossoneri Sport Investment Lux group…
Li: ‘We’ll bring Milan back’
New Milan owner Yonghong Li thanks Silvio Berlusconi after completing the takeover and promises “we’ll lead this legendary team back to the top”. Rossoneri Sport Investment Lux finally completed their…
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…
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…
Han Li meets Fininvest
It’s reported Han Li of Rossoneri Sport Luxembourg met Fininvest today, ahead of their takeover of Milan on Thursday. A consortium led by Yonghong Li appears to finally be on…
Milan closing moved forward?
Reports suggest the sale of Milan could be moved forward a day, to Thursday April 13. After a series of delays, Li Yonghong’s takeover of the Rossoneri appears to finally…
Bank to verify Milan funds
Documents have reportedly been passed to the Bank of Italy to verify the origin of the funds being used in the takeover of Milan. Two deposits of €100m have already…
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…
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…
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…