Ricketts family confirm interest in buying AC Milan

Ricketts family confirm interest in buying AC Milan

In recent days we had reported that American businessman Thomas Ricketts was considering buying AC Milan club from Yonghong Li. The owner of Chicago Cub, together with his family, are apparently in advanced negotiations and a deal is close to being complete.  The Ricketts Family confirmed everything through an email for Andrea Montanari: “The Ricketts Family (not just Tom) are interested in buying a majority stakehold of AC Milan. The entire family are involved similar to their ownership with the Chicago Cubs. The Ricketts family won a championship with the Cubs thanks to…

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Yonghong Li fails to pay €32 m, Elliott to take over

Yonghong Li fails to pay €32 m, Elliott to take over

President Yonghong Li is about to lose the ownership of the club having failed to pay 32 million euros of capital increase. Yonghong Li, president and owner of AC Milan club, has failed to pay 32 million euros of capital increase. The Chinese businessman had time till 17:00 today to send a check but MilanNews.it confirms that the money transfer has not happened. Now CEO Marco Fassone will send a request to Elliot Fund to make the 32…

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CorSera: Han Li in USA to close the sale of Milan

CorSera: Han Li in USA to close the sale of Milan

It’s a crucial day for the future of AC Milan. The club is vary close to changing ownership with Han Li in USA to close the operation. Until 17:00 today, president Yonghong Li must deposit 32 million euros necessary to complete the capital increase. Otherwise CEO Marco Fassone will automatically request the intervention of Elliot. In this case the American fund will become the new owner of AC Milan club, something that the Chinese are trying…

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AC Milan irritated with Suso’s agent, Mirabelli responds provocatively to Inter

AC Milan irritated with Suso’s agent, Mirabelli responds provocatively to Inter

If UEFA wasn’t enough now AC Milan must also deal with a Suso situation and his agent’s provocative proposal to Inter. Reports emerged last night that Inter had set theirs sight on AC Milan’s right winger Jesus Suso. The Nerazzurri’s sports director Piero Ausilio had met with the Spaniard’s agent recently and were preparing an official offer for AC Milan. However the Red and Blacks did appreciate such a move. According to Premium Sport, Milan are…

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Repubblica – Milan, new partner: the details of the two American offers

Repubblica – Milan, new partner: the details of the two American offers

Waiting for UEFA’s ruling, which could sanction the exclusion of the Rossoneri from Europa League, in the past few hours the main club leaders have flown to London. As confirmed by La Repubblica, Marco Fassone and David Han Li are in the English capital to deal with negotiations for the entry of the new partner in AC Milan. According to the national newspaper, president Yonghong Li could also sell the majority shares of the club….

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Sky: AC Milan risk two seasons ban from Europe

Sky: AC Milan risk two seasons ban from Europe

AC Milan are eagerly waiting for UEFA’s ruling regarding the FFP breach  with the club risking a long ban from European football. A delegation from AC Milan was in Switzerland yesterday in a final meeting with UEFA regarding the Financial Fair Play breach. The Rossoneri presented their case and the ruling is expected within 48 hours but sources claim that a decision may arrive today and sensations from the club are not positive. According to Sky Sport,…

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IS24O: Yonghong Li receives three offers for Milan

IS24O: Yonghong Li receives three offers for Milan

In today’s hearing session with UEFA in Switzerland AC Milan did not mention the topic of the new minority shareholder that’s expected to join the club very soon to support president Yonghong Li. There was no time to produce an agreement and related documentation. However La Gazzetta dello Sport writes that negotiations go ahead and the new partner will be used in case of an appeal at the TAS Tribunal of Lausanne. An agreement should be reached by…

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Forbes: Top 20 Most Valuable Football Clubs in the World

Forbes: Top 20 Most Valuable Football Clubs in the World

Even though AC Milan are experiencing one of the most difficult moments in club’s history the Rossoneri still remain one of the most prestigious and valuable clubs in the world, although in sharp decline. Like every year, Forbes magazine presents its annual list of the World’s Most Valuable Football Clubs (15th edition this year) and for the second consecutive year, the English giants of Manchester United lead the way with a monstrous value of $4.12 billion, up…

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Judgement day for AC Milan

Judgement day for AC Milan

A delegation from AC Milan is in Switzerland today for UEFA’s Financial Fair Play hearing. Within 48 hours UEFA will reveal its final ruling. It’s going to be one of the most important days in the history of AC Milan. 19 June will forever be remembered as the judgement day for the Rossoneri and the Chinese management. A delegation from the club is in Switzerland today to discuss the Financial Fair Play breach and the subsequent…

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Morata, Fellaini and Dani Ceballos: Mirabelli clarifies the situation

Morata, Fellaini and Dani Ceballos: Mirabelli clarifies the situation

During the ‘Festival del Milanismo” sports director Massimiliano Mirabelli offered an update on several transfer targets and their possibility of joining AC Milan. Interviewed at an event in Gallipoli Mirabelli discussed the Rossoneri’s transfer plans. When asked on Alvaro Morata, Chelsea’s striker who even last year was a target of AC Milan, the sports director replied: “Naming players now is superfluous, it would be to delude our fans. We are awaiting UEFA’s sanctions if there will…

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