Milan News

Yonghong Li’s decision not to repay Elliot fund the 32 million euros of capital increase could prove to cost him hundreds of millions at the end. After concluding the necessary legal procedures and obtaining the full ownership of the club, Elliott will immediately begin the sale process. The American fund will protect its investment if necessary and is willing to deposit 150 million euros to guarantee the business continuity of the club before greenlighting the…

Bank transfer not received, Elliott ready to take over from Yonghong Li. And this is just the essence of yesterday’s events of the last 24 hours. The US fund declared it had not received a refund for the 32 million euros from the Rossoneri president and that immediately after midnight it had started the procedures to take control of the club. Now everyone is expecting an official communication on the club’s future and by the…

As it was expected AC Milan president Yonghong Li failed to repay the 32 million euros that Elliot injected two weeks ago as capital increase. According to last year’s loan agreement between the parties the American Fund can takeover the ownership of the club. La Stampa reports that Elliot is already working to take possession of AC Milan club. In fact, the US fund in Luxembourg has started the ownership transfer process which should last…

Many thought that the Donnarumma soap-opera would continue even this summer, and initially it seemed so, but in recent months nobody has heard of Mino Raiola and his abnoxtious claims. Strangely enough it seems as if the 19 year old goalkeeper will remain at San Siro for next season despite Pepe Reina’s arrival. The signing of the Spanish goalkeeper was a cautious move by the Rossoneri management who believed to have found the right man…

AC Milan’s newest purchase has established himself as one of the best full-backs in this World Cup with his Croatian national team. It has been a World Cup full of surprises so far and AC Milan’s new signing, Ivan Strinic, is definitely one of the happy stories of Russia 2018. The Croatian left back has proved himself to be a quite reliable defender and made his best appearance against Messi’s Argentina where the Croatian side…

Since Mirabelli has taken over the management of the club the youth squad has been at the center of the attention like never before. Waiting to move concretely on the transfer market, AC Milan continues to offer contract renewals to several young stars of the Primavera squad. Yesterday, in fact, it was the turn of Emir Murati who signed an extension with the Rossoneri club until 2022. It was the player himself who announced the…

AC Milan are on the verge of changing ownership but everything could fail leading the Rossoneri in a path of guaranteed destruction and all because of Yonghong Li. Reporting the latest on the negotiation for the sale of AC Milan club, Il Corriere della Sera reveals that the proposal of Rocco B. Commisso is quite more formulated than what initially emerged. The Italian-born American billionaire has offered Yonghong Li the opportunity to remaining at the…